Monthly Archives: October 2010

101 uses for an oil spill: reducing pay to your staff [#4]

Posted on October 31, 2010 by

BP has used the oil spill to excuse a number of unpopular actions. This has included no dividends for shareholders, higher prices for its petrol sold at gas stations, and selling off some subsidiary businesses. However, as we are often … Continue reading →

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101 uses for an oil spill: promote Halloween (the second most expensive holiday) [#6]

Posted on October 30, 2010 by

The US National Retail Foundation reports Halloween is the second most expensive holiday costing the average American $66. The Gulf of Mexico oil spill is helping Halloween’s expansion by integrating protests about the environmental disaster part of the traditional offering. … Continue reading →

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Gulf of Mexico oil spill costs $700 billion

Posted on October 29, 2010 by

New report estimates the costs of the oil spill in the Gulf of Mexico at $350 billion. The report by Entergy indicates the full economic cost could be as high as $700 billion over the coming 20 years. Interpreting these … Continue reading →

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101 uses for an oil spill: selling flights (to elsewhere) [3]

Posted on October 27, 2010 by

Ultra-low-cost airline, Spirit Air have a long history of thought-provoking, attention-grabbing adverts. A recent campaign has asked clients to “check out the oil on our beaches”. Previous campaigns have courted controversy with neat plays on words such as off-shore drilling and … Continue reading →

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BP reveals 0.0004% costing decision caused disaster: Oil spill risks need realigning

Posted on October 25, 2010 by

BP’s new CEO, Bob Dudley, has promised to “look at risk management of safety in a different” in light of the very-low-risk very high impact probability associated with catastrophic oil spills, like the Gulf of Mexico oil spill. Safety and … Continue reading →

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101 uses for an oil spill: Halloween costume [2]

Posted on October 23, 2010 by

A Halloween costume which has allegedly sold over 10,000 units apes the Bad Planning of BP. From CBSLocal NewYork. Of course, bored students are cyber-hyping the costumes. See here for more information on how to make your own.

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Forget catastrophic oil spills: Ships dumping oily waste is greatest maritime oil pollutant

Posted on October 21, 2010 by

Dumping oily waste on the high seas is a significant problem. A study by the Organization for Economic Cooperation and Development concluded that the dumping of oily waste causes annually as much as eight times the amount of oil pollution … Continue reading →

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101 uses for an oil spill: promoting solar power [1]

Posted on October 19, 2010 by

The Slick Economist has been monitoring global oil spills for six months. One keen and growing element in the media is the use of oil spills to sell, promote, highlight, humour and otherwise deflect some of the spotlight onto other … Continue reading →

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Fishing for costs in the Gulf of Mexico oil slick

Posted on October 17, 2010 by

A new economic report on the Gulf of Mexico oil spill has indicated the costs to fishing are $115-172 million  The report is the first of three on the economic costs to Louisiana. The total costs will be into the … Continue reading →

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“Magic hose” oil spill whistleblowers rewarded through fines

Posted on October 14, 2010 by

News of a serial oil spiller being caught again by a whistleblower – this time using his mobile phone to capture the act – has shone a light on the difficulties inherent in governing maritime activities, especially of the flawed … Continue reading →

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