Oil spill costs and impacts / Robert H. Urwellen.

Format:

Book

Author/Creator:

Urwellen, Robert H.

Language:

English

Subjects (All):

Oil spills--Economic aspects.

Oil spills.

Oil spills--Environmental aspects.

Physical Description:

1 online resource (59 p.)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, Inc., c2009.

Language Note:

English

Summary:

This text is based on a GAO report on oil spill costs and select program updates on the San Francisco spill. It answers three questions: How many major spills have occurred since 1990, and what is their total cost? What factors affect the cost of spills? What are the implications of major oil spills for the Oil Spill Liability Trust Fund?

Contents:

Location impacts costs in different ways

Type of oil spilled impacts the extent of the response effort and the amount of damage

Fund has been able to cover costs not paid by responsible parties, but risk remain

Some recent adjustments to liability limits do not reflect the cost of major spills

Liability limits have not been adjusted for inflation

Certification of compliance with the new liability limits is not in place

Other challenges could also affect the fund's condition

Concluding observations

Appendix I : information on spill response.

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [35]-40) and index.

Description based on print version record.

ISBN:

1-61470-470-8

OCLC:

751978859