Author Archives: slickeconomist

IRELAND oil spill costs £0.5 million: Limerick County Council search for liability

The cost of cleaning up the 18 January 2012 spill is estimated at £500,000. 2,000 litres of oil spilled into the River Deel at the Crecora Mills plant – a feed manufacturing company – in Castlemahon, west Limerick, Republic of … Continue reading

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NORTH SEA gas leak: Total wipeout as cost estimate tops £12 billion

The gas leak at Elgin field in the North Sea off Aberdeen looks set to cost French company Total over £12 billion. Share prices have tanked (-£7 billion), relief wells are being planned (-£250 million), leaving the field unexploited (-£5.5 … Continue reading

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Oil Spill Costs: Stopping US tax breaks for polluters

BP stands to save $10 billion from their contribution to oil spill costs in the Gulf Of Mexico owing to exploitation of tax breaks in the USA.   Representative Alcee Hastings, (D-FL), introduced a bill that would abolish write-offs oil … Continue reading

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NIGERIA oil spill: Bonga to cost billions

Nigeria’s worst oil spill in a decade of over 40,000 barrels at its Bonga oil field is set to cost the beleaguered Nigerian economy further billions. Bonga was discovered in 1993, first oil in 2004, and cost $3.6 billion constructed … Continue reading

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WASHINGTON OIL SPILL: costing $11 billion every 1000 years?

A major spill at the mouth of the Columbia River or in the Strait of Juan de Fuca could cost Washingtonstate 165,000 jobs and $10.8 billion in economic losses, and is more likely to occur as enforcement by the state’s … Continue reading

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BRAZIL oil spill: who will bear the costs of Chevron’s poor engineering decisions?

Engineers are cast as bad guys in the latest costly oil spill to unnerve a major international oil company drilling in deepwater. An estimated 110,000 gallons of oil have been spilt by Chevron exploration on a Transocean rig off Brazil. … Continue reading

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FISHERMEN compensation from oil spills: why do oyster farmers double shrimpers?

Oil spill compensation czar Alan Feinberg is poised to announce more compensation for Gulf of Mexico fishers affected by the oil spill. It is clear that the science of how fish and fishing are affected by oil spills and slicks, … Continue reading

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YELLOWSTONE Oil Spill Costs Triple to $135 million

Exxon Mobil have admitted spiralling costs of clean-up and compensation for their July 2011 oil spill in the Yellowstone River, Montana. The company reports it has reached compensation agreements with 95% of property owners. Although it is being sued by … Continue reading

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OIL SPILL INFOGRAPHIC: social analysis of how we all reacted online to Gulf of Mexico oil spill

An infographic from late last year by SocialSphere aggregating information on social network impact of the Gulf of Mexico oil spill. Quote: “This June, while engineers in the Gulf were trying to stop the destructive flow of oil from BP’s … Continue reading

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NIGERIA oil spills: $1 billion compensation sought from Shell

The people of Ogale in the Eleme local government area of Nigeria filed the $1 billion compensation case at a court in Detroit, USA. Contamination of drinking water sources is extreme. In Ogale a United Nations environmental report found people … Continue reading

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