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 oil tankers has ranged from 26.9 to 31.5 years. In 2005, the price for new oil tankers in the , , and ranges were US$43 million, $58 million, and $120 million respectively. In 1985 these vessels would have cost $18 million, $22 million, and $47 million respectively. Oil tankers are often sold second-hand. In 2005, worth of oil tankers were sold used. Some representative prices for that year include $42.5M for a tanker, $60.7 million for a , $73 million for a , and $116 million for tanker. For a concrete example, in 2006, Bonheur subsidiary First Olsen paid US$76.5