Bill Allen (businessman) Barbados as well. VECO also was a worldwide player in the oil industry, having divisions in many major oil markets, including the Sudan, Russia, Mexico, Venezuela and Syria. VECO had a major impact on the economy of Alaska and employed over 5,000 people worldwide. On March 24, 1989, the oil tanker Exxon Valdez ran aground on Bligh Reef, spilling eleven million gallons of crude oil into the waters of Prince William Sound. The Exxon Valdez oil spill was the second largest in United States history, after the BP Gulf of Mexico Deepwater Horizon spill. Under Allen's guidance, VECO (along with
Oil tanker serious than spills from non-tank vessels. The International Tanker Owners Pollution Federation has tracked 9,351 accidental spills that have occurred since 1974. According to this study, most spills result from routine operations such as loading cargo, discharging cargo, and taking on fuel oil. 91% of the operational oil spills are small, resulting in less than 7 metric tons per spill. On the other hand, spills resulting from accidents like collisions, groundings, hull failures, and explosions are much larger, with 84% of these involving losses of over 700 metric tons. Following the "Exxon Valdez" spill, the United States passed the Oil