Thursday, November 21, 2002 :::
Spain Seeks to Ease Oil Spill Fears
Will the oil company have to pay for the clean-up? I think Exxon had to pay quite a bit for the Valdez incident -- most, or maybe more than all, of the costs -- but maybe the Europeans handle things differently.
Anyway, I assume that if the Oilers do pay for this, they carry some insurance, and wonder what fraction of the cost of oil that works out to. Obviously, it can't be a precise figure, but ball-park, globally, anyone happen to have seen estimates on how much is paid in cleaning up spills per barrel of oil that actually gets used?
::: posted by Steven at 9:41 AM
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