Monday, May 10, 2010

Tragedy In Golf Of Mexico

Source: http://geology.com/nasa/oil-seeps/gulf-of-mexico-oil-seeps.jpg
Today I had a meeting with the Oil Co. We were discussing on how much we had to pay for the oil spill that took place in the Gulf Of Mexico. It was an accident when the oil spill happened. We were also discussing that because of the 1989 law companies have to be responsible during an oil crisis. We have to pay the clean up costs and a $75 million limit on other kinds of damages. We also have to limit the lost wages and economic suffering in the oil spill. We have now a bigger problem because the Democratic Senators wants the companies to be responsible and not the tax payers. They want to raise the money from $75 million to $10 billion. This will affect our company because we have to pay all the damages from the oil spill. If we don't fix this problem quickly the company and people around the Gulf Of Mexico are going to suffer the consequences. There was 2.6 million gallons that were spilled on the Gulf Of Mexico and 11 million during the Exxon Valdez. As been one of the executives of the Oil Co. I feel overwhelmed because the oil spill has affected us in different ways; economically, socially, politically and environmentally. Shipping can be limited now because of the oil spill, that's less money for the companies and now we are going to have more trouble to pay for the damages because we are not going to have enough money coming in and out of the company. Restaurants are also going to lose money because not a lot of shrimps, fish, etc. are been distributed to their businesses because they have been contaminated with oil. We are also facing stress because now there are not going to trust our company. Our environment is affected the most right now because there are going to be animals dead because the oil is harming our ecosystem. There were 6,800 square miles of federal fishing areas that were closed.We have to fix the problem of the oil spill and pay for the damages before it's too late.


Source: http://upload.wikimedia.org/wikipedia/commons/f/fc/Oiled_Bird_-_Black_Sea_Oil_Spill_111207.jpg

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