Tag Archives: 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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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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British Petroleum Facts

British Petroleum is a worldwide energy corporation. It is actually the fourth largest company in the world. The corporation is headquartered in London. In America, the company’s main office is in Houston. The company is listed on the London Stock Exchange. Since the beginning of the Gulf oil spill, BP stock has lost over 40% of its value.
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