Lessons from the Exxon Valdez spill

**Nate** · #1 06-03-2010, 09:18 AM

Lessons from the Exxon Valdez spill

May 1, 2010 21:35 EDT

"I remember the words, “We’ve had the Big One,” with chilling clarity, spoken just over 21 years ago when a fellow fisherman arrived at my door in the early morning and announced that the Exxon Valdez had run aground in Alaska’s Prince William Sound and was gushing oil.
For the small fishing community of Cordova, Alaska, where I lived and worked as a commercial fisherma’am, it was our worst nightmare.
That nightmare is reoccurring now with BP’s deadly rig blowout off the Gulf Coast – with haunting parallels to the Exxon Valdez.
I was not at all surprised when officials reported zero spillage, then projected modest spillage, and then reported spill amounts five times higher than their earlier estimates.
As the spill continues, I imagine that even the newly reported amounts will continue to vastly underestimate the actual spillage.
Underreporting of spill volumes is common, even though lying about self-reported spill volume is illegal – and a breach of public trust.
Still, penalties are based on spill volume: Exxon likely saved itself several billion dollars by sticking with its low-end estimate of 11 million gallons and scuttling its high-end estimate of 38 million gallons, later validated by independent surveyors.
Sadly, it’s a foregone conclusion that BP’s promise to “do everything we can” to minimize the spill’s impact and stop the oil still hemorrhaging from the well nearly one mile under the sea off Louisiana’s coast will fade as its attention turns to minimizing its liability, including damaged public relations.
BP will likely leverage the billions of dollars it will spend on the cleanup to reduce its fines and lawsuit expenses, despite later recouping a large portion of the cleanup cost from insurers or writing it off as a business expense as Exxon did..."

Click on the link for the full article:
http://blogs.reuters.com/environment/2010/05/02/lessons-from-the-exxon-valdez-spill/

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