Real-Time Economic Analysis and Policy Development during the BP Deepwater Horizon Oil Spill

Aldy, Joseph E., Vanderbilt Law Review

The 2010 BP Deepwater Horizon oil spill posed near-term economic risks to the Gulf of Mexico region and raised questions about appropriate policies to mitigate catastrophic oil-spill risks. This Essay reviews the Obama Administration's assessment of the economic vulnerabilities to the spill, the Administration's May 12, 2010, legislative proposal focused on minimizing the adverse economic impacts to workers and small businesses in the Gulf of Mexico, and the effort to secure an agreement with BP to ensure that those harmed by the spill will receive full compensation. Then, the Essay discusses several of the policy reforms advanced by the Administration to reduce the risks of future …

Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Real-Time Economic Analysis and Policy Development during the BP Deepwater Horizon Oil Spill. Contributors: Aldy, Joseph E. - Author. Journal title: Vanderbilt Law Review. Volume: 64. Issue: 6 Publication date: November 2011. Page number: 1793+. © Vanderbilt Law Review Jan 2009. Provided by ProQuest LLC. All Rights Reserved.

This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.