Once oil waste is recovered it is classified by type and the quality depends largely on how long it was exposed to sediment and debris in the water. If recovered quickly if can be separated and reprocessed. It is not sold on the market, but can be burned to power oil refineries, power stations, cement plants, or brick kilns. So, no nothing productive is really done with the oil and the case that it is actually recovered at that point is incredibly rare. The best estimate they can hope for is at most recovering a total of %20 of the oil, mostly that which has already been degraded. Most of the oil recovered will be disposed of in landfills or disposed of in ways which are equally damaging to the environment as it remaining in the ocean. Overall, it is a lose-lose situation for the environment.
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