Strategy Of Oil Spill Disaster In The Gulf Of Mexico Essay

Strategy Of Oil Spill Disaster In The Gulf Of Mexico - Essay Example In the month of April, the year 2010, a platform for deepwater drilling in the Gulf, located fifty miles from the Louisiana coast capsized and sank due to an explosion. Several attempts to seal the top the well continued to be futile necessitating huge volumes of oil to spill and spread to the shores. The spills reached as far as the marshes Louisiana. The company that was behind the oil-drilling venture was the British Petroleum. The effects of this disaster are tremendous and cut across several sectors ranging from the economy to the biological sustainability. The oil spillage threatened the livelihood of more than four hundred species of wildlife. The sea animals whose lives were most threatened includes tuna, whales, and shrimps together with several species of birds. The land animals most affected by the disaster were the white-tailed deer, gray fox several amphibians like the snapping turtle and the alligator. The economic costs arising from the spillage in the Gulf were huge (The Daily Green 2010, p.1). For instance, by June 2010, the government had paid $ 62 million as compensation claims to 26,500 the residents in the Gulf of Mexico. Additionally, the insurers will likely spend up to $ 1.5 billion in compensation. Close to 12, 000 residents of Louisiana are now jobless due to oil spills in the Gulf (The Daily Green 2010, p.1). For instance, by June 2010, the government had paid $ 62 million as compensation claims to 26,500 the residents in the Gulf of Mexico. Additionally, the insurers will likely spend up to $ 1.5 billion in compensation. Close to 12, 000 residents of Louisiana are now jobless due to oil spills in the Gulf (The Daily Green 2010, p.1). This is not the initial time the British Petroleum industry has had to confront a disaster. A refinery that the company owns in the city of Texas experienced a massive explosion in 2005.