As a result of the major oil spill that happened recently in the United States, unemployment is expected to rise along the gulf coast. It is estimated that this oil spill will pull the already high unemployment national average up to 11-12%. Consumer spending will drop as a result of this, damaging the regional economy. This would have an impact on Target’s sales along the gulf coast, considering that places on the gulf coast were some of the major spots for tourism here in the United States. If we have goods being shipped to us from other suppliers, the oil spill could potentially affect them and we could have a shortage of goods and merchandise. This would cost a loss of sales and impact our revenues and expenses on the financial statements. This would also cause us to lose customers if we do not have the supplies that they need in stock. …show more content…
We have to make sure we keep our customers happy so that we don’t lose them in the long run. Therefore, we should have a clearance sale on similar products and brands to accommodate the customers needs at that time. We could also give the customers a rain check on the sale prices of the goods that are out of stock, to ensure that they get the same great price and as an apology for the inconvenience. Gift cards could also be used as a promotion tactic to keep the customers buying other products in
With all of the disasters mankind has caused to this earth, one might wonder if things like earthquakes, hurricanes, tsunamis, etc. are nothing more than a response to our actions. The BP oil spill, which took place in the Gulf of Mexico, is easily recognizable as the worst oil spill disaster in American history. More than 200 million gallons of crude oil leaked into the Gulf of Mexico for 87 days total. The entire 16,000 miles of the Gulf coastline were affected. This included Texas, Louisiana, Florida, Alabama, and Mississippi. The oil may have stopped gushing in 2010, but it has yet to stop washing up on the shore.
Plains Midstream company is the cause of this big oil spill in Red Deer River. The big cause of the oil spill was when a pipeline that was owned by Plains Midstream had been broken and was not functioning correctly as it was supposed to. The pipe is supposed to process the oil through it and around to make the oil. However, the pipe actually did not do this and the oil had gone around and it had been broken since there were old pipes and not new ones. Almost half a million of crude oil had been leaked into the creek of Red Deer River so the people had been very devastated about this occurring because instead of enjoying the view, all they see is a lot of oil that had polluted their water and there whole community with dirty water. The people
Imagine 2,500 to 68,000 square miles covered in 4.9 million barrels of oil. No, imagine being covered in 4.9 million barrels of oil. Picture yourself gasping for air in an ocean filled with oil. That is exactly what birds, sea turtles, dolphins, and other animals had to do after the most catastrophic oil spill of all time occurred on April 20, 2010.
The Exxon Valdez oil spill that took place on March 24, 1989, was responsible for an enormous amount of damage to the natural environment of Alaska. Animal life and plant life alike, were severely harmed from this disastrous spill. Being such a high-risk company, one would assume that the legal requirements surrounding the company policy were prioritized. Due to the scope of the disaster though, one may wonder just how strict the requirements were that governed the operations of Exxon. Even if there were rules in place, how well were they being followed by Exxon employees? What were the legal requirements that governed the operations of Exxon? Did the people responsible for this disaster consider these? In the following discussion, these are examined from a moral analysis point of view.
Offshore drilling could lead to an oil spill which shown from the Gulf of Mexico incident. It can ruin the sea’s wildlife. With the wildlife at stake it can be really hard to fix the problem and most companies result in using corexit which makes the issue worst. This makes the oil sink deep in the ocean, and results in even more of the underwater marine life suffer. With us being fishermen it could kill our businesses because we will not have food to provide with fish being killed from a potential oil spill. Plus the oil drill wouldn’t really do anything for the state of South Carolina, and if it isn’t needed I wouldn’t want something that we don’t want it to have bad odds of affecting our business.
On March 24, 1989 there was an Exxon Valdez oil tanker accident off of Alaska. The oil tanker carried around 50 million gallons. Of those 50 million gallons, about 11 million were spilled. It was a devastating spill that covered more than 1200 miles of shoreline with oil. Due to the size of the spill, a lot of time and effort was used to clean up the oil. About 10,000 workers, 1000 boats, and 100airplanes/helicopters were involved in the cleanup.
A corporation has a moral duty to ensure that their products and operations do not cause harm to society and the environment. There are significant factors that must be taken into consideration to ensure the proper response is put forth if disaster rears its ugly head. Many times, when disaster strikes, companies do not always make the appropriate response, or they do not remediate the problem efficiently enough to maximize their efforts. The Exxon Valdez oil spill in 1989 is a prime example of this. The Exxon Valdez oil spill pales in comparison only to the 2010 Deepwater Horizon oil spill. (NOAA)
This presentation features the Exxon Valdez oil spill, which significantly affected the environment in and around Valdez, Alaska. In this connection, Group D will explore: the background information of Prince William Sound, the oil business in Valdez and the event of the oil spill. Next, the team defines the problems – that is, the effects of the spill – what damage did it cause. After, we will diagnose the issues – meaning that the group intends to pinpoint the root causes of the problems. The next step is to substantiate that the stated causes are linked to the issues; to accomplish the aforesaid, the response time and level of preparedness will be analysed. In order to mitigate similar incidents, the team explores action plans that have
The Deepwater Horizon Oil Spill occurred on April 20, 2010 in the Gulf of Mexico. This oil spill was the largest spill in history in front of the Exxon Valdez oil spill of 1989. This oil spill released about 4.9 million barrels of oil into the ocean. This spill not only wreck havoc on the marine life but also the economic players that depended on ocean such as fisherman, tourism, and offshore drilling located along the gulf coast. Along will the spill the oil rig which was named Deepwater Horizon also went up in flames. This proved that the issue went far beyond just an oil rig that blew a line. Since this oil spill had drastic impacts all along the coast, BP which was the most liable for this incident faced criminal charges based on what happened. BP which knew the risks of deep ocean drilling failed to take the necessary safety procedures to reduce the risks of such incident occurring, thus was the reasoning behind placing most of the fault on them and not the other companies. The lack of regulatory oversight led to the issues and cost-cutting procedures opened the rig up to possible malfunctions like the one that occurred. During the spill into the gulf, BP sealed the well with cement which seemed to stop a majority of the oil from escaping the well. BP also recognized that the well was “dead” which was proven wrong when scientists still could conclude was leaking minor amounts of oil into the ocean. This spill not only proved to be harmful to the environment but also
The oil spill created long term problems for the living organisms that inhabit the Gulf of Mexico. The oil covered the feathers of birds, making them unable to float at the surface. The oil killed some of the deep sea coral as far as seven miles away from the site. Mammals ingested the oil, which resulted in some of the mammals having internal bleeding and ulcers. This has also lead to an increase in sea turtles stranding, sick dolphins, and a decrease in population of many marine animals. This disaster stuck during the breeding season for many species of wildlife. “The oil’s toxicity may have hit egg and larval organisms immediately”, which could have wiping out those age classes. Population dips and cascading food web has occurred due to
A major problem in the world, especially the U.S. is oil spills, they have been spilled into the oceans are being very harmful to water life plants and animals. In addition birds and other air breathing mammals also get poisoned, as they go to bathe themselves sit in the oil and that poison them. Oil is one of the most used natural resource that people use, and oil is used by a lot of the population of the world. Oil is a fossilization made up from plants and animals very many years ago, it takes many years for oil to be formed, oil can be located both in the ground or under the ocean floor, after the oil is removed giant ships called oil tankers, ship the oil to the other countries. In addition birds and other air breathing mammals also get
BP, formerly known as British Petroleum, is the third largest oil and gas producer in the world, producing almost 3.8 million barrels per day. BP was founded in 1908 by William Knox D’Arcy in London, United Kingdom. The company operates worldwide in several sectors of the oil and gas industry such as generating low carbon energy, moving oil and gas, and off and onshore oil and gas extraction (BP, 2014). However, the offshore Deepwater Horizon oil spill that happened on April 20th, 2010 in the Gulf of Mexico was one of the greatest oil spills that took place in history. The disaster caused the loss of the lives of 11 workers, severely injuring 17 workers, and the aftermath had a great impact on the environment in the Gulf of Mexico.
BP had two main stakeholders which they had to address one is their very own stakeholders and the other group of stakeholders are the stakeholders of green movement. This are the stakeholders who would offer them the help the financial help and backing to clean up the oil spillage in the Gulf of Mexico. My evaluation of BP executive’s behavior is that they neglected their corporate social responsibility. This is because they failed in their obligation as managers of such a big company to make choices that would ensure that the oil spillage did not get out of hand. They also failed to issue directives for regular maintenance check to take place in their rigs and refineries which could have prevented such a catastrophic event. They failed to
BP's management systems "did not ensure that the Macondo team identified and evaluated risks that their decisions had
Peter has been working with the Bigness Oil Company’s local affiliate for several years, and he has established a strong, trusting relationship with Jesse, manager of the local facility. The facility, on Peter’s recommendations, has followed all of the environmental regulations to the letter, and it has a solid reputation with the state regulatory agency. The local facility receives various petrochemical products via pipelines and