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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.
By Arathy Somasekhar. HOUSTON (Reuters) - Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the ...
U.S. crude oil prices CLc1 on Monday rose 1.6% after falling to multi-month lows last week on worries the storm could disrupt production and refining along the Gulf Coast.
That was the biggest impact to the Gulf Coast oil industry this year. Gulf of Mexico offshore operations account for 15% of U.S. crude oil production and 5% of the nation's natural gas production ...
The moratorium banned federal leasing through the year 2000 off the East Coast, West Coast, the eastern Gulf of Mexico (offshore Florida Gulf Coast), and the Northern Aleutian Basin of Alaska. In 1998, President Bill Clinton extended the moratorium through 2012. In July 2008, President George W. Bush rescinded the executive order.
The Louisiana Offshore Oil Port (LOOP) is a deepwater port in the Gulf of Mexico 29 kilometers (18 nautical miles) [1] off the coast of Louisiana near the town of Port Fourchon. LOOP provides tanker offloading and temporary storage services for crude oil transported on some of the largest tankers in the world.
The coast guard also said that the volume of discharged oil was “currently unknown” but that the potential release from the affected pipeline could be up to 1.1 million gallons.
[263] [264] [265] The U.S. Travel Association estimated that the economic impact of the oil spill on tourism across the Gulf Coast over a three-year period could exceed approximately $23 billion, in a region that supports over 400,000 travel industry jobs generating $34 billion in revenue annually. [266] [267]
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