Tag Archives: Deepwater Horizon oil spill

The Condition of Small Businesses on the Gulf Coast One Year After Oil Spill

RBO: How badly did the spill effect the 2010 tourist season?

WB (William Bruce): The spill cut the number of summer visitors to the area by 40 percent according to the visitors bureaus in the area. The effect on the tourist related businesses was particularly dramatic when you realize that most of their yearly income is made during the summer. So a lot of businesses saw a 60 to 70 percent drop in annual revenue. Continue reading

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Tourism Breaks Record on Alabama Gulf Coast

Tourism officials in Gulf Shores and Orange Beach, Alabama confirm that the area has enjoyed a record breaking summer. In June, lodging revenue broke a record at $58 million. Early numbers available at this point for the rest of the summer show the trend continuing. Continue reading

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BP’s Oil Spill Partner Was Founded in Birmingham, Alabama

Transocean, BP’s oil spill partner, was founded in Birmingham, Alabama. Transocean Ltd., is one of the world’s largest offshore drilling contractors. The company rents floating mobile drill rigs, along with the equipment and personnel for operations, to oil and gas companies. Transocean’s rental rates for the deep water rigs are as high as $650,000 a day! Continue reading

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Transocean Pays Executive Safety Bonuses After Incinerating 11 Workers in Oil Spill Disaster

The Wall Street Journal has made an interesting discovery in an April 1st securities filing from Transocean Ltd. As reported by the Journal, Transocean has paid cash bonuses to executives for their safety performance during 2010. This comes after British Petroleum and Transocean jointly incinerated 11 workers during 2010 in the Gulf oil spill disaster. Continue reading

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Alternative Energy Sources: Free enterprise can cure our oil addition

If anything good comes out of last year’s BP oil spill, it may be that the disaster accelerates the development of alternatives to oil. Continue reading

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