Is the cost for environmental damage and cleanup going to be bigger than the cost of oil lost because of the spill?



  1. 0 Votes

    Most definitely it will be more expensive.  While we are losing a ton of oil into the gulf, the cost of oil is relatively low compared to the cost of cleaning it up, along with the cost of fixing all of the catastrophic damage that it is causing.  You have to take into account the factors of cleaning up the oil, cleaning up the animals, and cleaning up the shores.  Chances are, it will cost more just to clean up the oil because we don’t have technology that is meant to take care of that huge volume of oil.  There are many techniques to cleaning it up, but they are meant for small amounts and are quite expensive comparatively.  Add the cost of cleaning up the animals and making the shores safe again and the price tag is monumental.

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