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Five years after the catastrophic Hurricane Katrina, real estate players are predicting that BP's oil spill has the potential to hinder the Gulf Coast more severely than that epic storm. "This ...
Real estate professionals are demanding redress from BP to cover loss of rental income and, some say, declines in property values brought on by the Gulf oil spill. And some residents are getting it.
The Gulf oil spill may be plugged for the time being, but the effects on the local real estate market are just beginning to trickle in. The value of property along 600 miles of coast between ...
The real estate prices and a number of transactions in the Gulf of Mexico area decreased significantly during the period of the oil spill. As a result, area officials wanted the state legislature to allow property tax to be paid based on current market value, which according to Florida State Rep. Dave Murzin could mean millions of dollars in ...
The BP oil spill may be receding from national headlines, but Realtors in and around the Gulf region are still in the thick of it. A survey released Tuesday by analytics firm Clear Capital reveals ...
The Deepwater Horizon oil spill began on April 20, 2010 when an explosion struck the rig, it occurred in the Gulf of Mexico on the BP-operated Macondo Prospect.Killing eleven people, it is considered the largest marine oil spill in the history of the petroleum industry and sources estimated that between 134–206 million barrels of oil was released into the gulf.
Oil platforms near Huntington Beach. The Elly well pipeline from the Beta Unit is the source of the 2021 oil spill. The four small islands shown in Long Beach Harbor are artificial islands for oil and gas wells. Commercial divers found the pipeline had been displaced by about 105 ft (32 m) with a 13-inch (33 cm) split along the length of the pipe.
One of the largest oil spills in recent Southern California history fouled popular beaches and killed wildlife while crews scrambled Sunday to contain the crude before it spread further into ...