Government's Reaction On The Gulf Research Paper

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The bill will also raise the liability cap for companies from $75 million to $10 billion. Lawmakers may also consider raising taxes on the oil and gas industry. For example, the Oil Spill Liability Trust Fund tax will be raised from 8 cents per barrel to 45 cents. The fund which was created in the aftermath of the Alaskan Exxon-Valdez accident in 1989 helps in claims pays for financial or property losses that come about as a result of oil spills (Ray 187). Defenders of Wildlife, strongly support expanded development of renewable energy sources. In doing this, there will be a reduction in the emission of greenhouse gases which contribute to global climate change eventually. Through generating power by the use of wind, solar and other renewable energy resources, there will be a reduction in the need for coal fired and nuclear powered plants which will in turn improve air quality and reduce the dangers that are associated with nuclear power and radioactive waste. The expansion of renewable energy resources in the U.S. will also help in the reduction of the country's dependence on fossil fuels and in turn, its dependence on oil exporting nations. The expansion of the use of renewable resources to enable the generation of heat electricity and replacing gasoline as automotive fuel has many advantages. It also brings about the recognition that even clean, renewable energy can have environmental impacts. The impacts include the land requirements for growing biomass energy or setting wind farms, the construction of new facilities and roads as well as other issues associated with the production and transmission of renewable energy.

In conclusion, BP is continuing to drill two relief...

...

Until the flow of the oil is stopped, some of the measures cannot be put into place.
Works cited

"Energy Policy and Legislation" Defenders. 3 Aug. 2010.

Jernelov, Arne and Olof Linden. " Ixtoc I: A Case Study of the World's Largest Oil Spill."

Ambio 10.6 (1981): 299-306.

Jonnson, Patrik. "Gulf oil spill biggest ever, could cost BP $21 billion in fines." Christian

Science Monitor. 3 Aug. 2010. 4 Aug., 2010

Koch, Wendy. "BP Oil spill hits record as Gulf's worst" USA Today. 1 Jul. 2010. 3 Aug.

2010.

Michalowski, Raymond and Kramer, Ronald. State-corporate crime: wrongdoing at the intersection of business and government. New Jersey: Rutgers University Press, 2006.

O' Keefe, Ed. "Oil spill: The government's response" Washington Post. 30 Apr. 2010. 3 Aug.

2010.

Ray, Leslie. Oil spill prevention and response: how to comply with OPA and OSPRA.

Michigan: Pennwell Books, 1994.

Sappenfield, Mark. "Gulf Oil Spill: The Story so Far." Christian Science Monitor. 29 Jun.

2010, 4 Aug., 2010.

Simon, Jonathan D., Nelson, Joseph B. And Owen, Jennifer. "United States: Federal

Responses to the Gulf of Mexico Oil Spill: Developments to Date and What to Watc

for in the Future." Mondaq. 14 June, 2010. 4 Aug. 2010.

"U.S. Democrats to Unveil New Offshore Drilling Laws" Net Resources International. 28 Jul.

2010. 3 Aug. 2010.

Walker, Jane. Oil Spills. New York: Stargazer Books, 2004.

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