Exxon Valdez oil spill Exxon should have told the jury at the start that an agreement had already been made, so the jury would know exactly how much Exxon would have to pay. As of December 15, 2009, Exxon had paid the entire $507.5 million in punitive damages, including lawsuit costs, plus interest, which were further distributed to thousands of plaintiffs. In October 1989, Exxon filed suit against the State of Alaska, charging that the state had interfered with Exxon's attempts to clean up the spill by refusing to approve the use of dispersant chemicals until the night of the 26th. The state disputed
Oil tanker sectors. The market is affected by a wide variety of variables such as the supply and demand of oil as well as the supply and demand of oil tankers. Some particular variables include winter temperatures, excess tanker tonnage, supply fluctuations in the Persian Gulf, and interruptions in refinery services. In 2006, the sustained rise in oil prices had only a limited impact on demand. It was a good year across all segments of the tanker market segments, but not as good as 2004 and 2005. Amidst high oil prices, geopolitical tension, and fears of disruptions to the oil supply, growing