Spillonomics
1. A scientific way to calculate the true costs of massive oil spills, such as the BP Deepwater Horizon disaster in the Gulf of Mexico.
Spillonomics was conceived shortly after the 1989 Exxon Valdez spill in Prince William Sound, Alaska. Sadly, it has become a major growth industry in the last 21 years.
Unlike other methods favored by the petroleum industry, Spillonomics takes into account both short-term clean-up costs AND long-term costs related to marine ecosystems, tourism, fishing, coastal employment, real estate values and water quality.
2. Dick Cheney's latest nightmare.
Spillonomics was conceived shortly after the 1989 Exxon Valdez spill in Prince William Sound, Alaska. Sadly, it has become a major growth industry in the last 21 years.
Unlike other methods favored by the petroleum industry, Spillonomics takes into account both short-term clean-up costs AND long-term costs related to marine ecosystems, tourism, fishing, coastal employment, real estate values and water quality.
2. Dick Cheney's latest nightmare.
Spillonomics by Peter Kobs June 1, 2010
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