The ‘Fate of Oil’ In the Gulf
As expected, the White House released the details of an administration report that says vast majority of oil spilled into the Gulf of Mexico during the last
Jul 31, 202043.6K Shares3.6M Views
As expected, the White House released the detailsof an administration report that says “vast majority” of oil spilled into the Gulf of Mexico during the last several months has been “either evaporated or been burned, skimmed, recovered from the wellhead or dispersed.”
According to a White House statement detailing the “fate of oil” in the Gulf, the report, created by the Interior Department and the National Oceanic and Atmospheric Administration, finds:
“„A third (33 percent) of the total amount of oil released in the Deepwater Horizon/BP spill was captured or mitigated by the Unified Command recovery operations, including burning, skimming, chemical dispersion and direct recovery from the wellhead. … An additional 25 percent of the total oil naturally evaporated or dissolved, and 16 percent was dispersed naturally into microscopic droplets. The residual amount, just over one quarter (26 percent), is either on or just below the surface as residue and weathered tarballs, has washed ashore or been collected from the shore, or is buried in sand and sediments. Dispersed and residual oil remain in the system until they degrade through a number of natural processes. Early indications are that the oil is degrading quickly.
As I noted earlier today, despite the report’s rosy outlook, significant work remains to be done in the Gulf. There are still real questions about the spill’s long-term impacts in the region, and the upcoming victims’ compensation process is certain to be complicated.
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles