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
Ship modern oil tankers must be considered something of a threat to the environment. An oil tanker can carry of crude oil, or . This is more than six times the amount spilled in the widely known "Exxon Valdez" incident. In this spill, the ship ran aground and dumped of oil into the ocean in March 1989. Despite efforts of scientists, managers, and volunteers, over 400,000 seabirds, about 1,000 sea otters, and immense numbers of fish were killed. The International Tanker Owners Pollution Federation has researched 9,351 accidental spills since 1974. According to this study, most spills result from routine operations