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
History of the oil tanker the newly discovered oil fields in Texas — such as Spindletop — and Oklahoma, which gave opportunities for new oil companies as Gulf Oil and Texas Fuel Company, later Texaco. Avoiding the use of Standard Oil's pipe line system, they started using tankers to get their oil to the East Coast. In combination with the oil fields discovered in Mexico and Venezuela, this caused a rise in the demand for tankers, which gave opportunities for the first independents, such as the Norwegian Wilh. Wilhelmsen, that launched its first tanker in 1913. The fleet oiler , launched on April 17, 1915,