Taylor oil spill a decade of lax enforcement, the United States Coast Guard issued an order requiring cleanup of the site, blockage of the leaks, or face fines of $40,000 a day. Taylor oil spill The 2004 Taylor oil spill is an ongoing spill located in the Gulf of Mexico, around off the coast of the U.S. state of Louisiana, which resulted from the destruction of a Taylor Energy oil platform during Hurricane Ivan. It was first brought to public attention when the contamination at the site was noticed in 2010 by those monitoring the nearby Deepwater Horizon oil spill. A later report
Economic effects of the Deepwater Horizon oil spill the total liability could amount to as much as by the conclusion of the disaster. Financial analysts commented that BP was capable of addressing the potential liabilities that might result, and BP stock rose slightly on the news that the initial compensation fund had been agreed. On 5 July 2010, BP reported that its own expenditures on the oil spill had reached $3.12 billion, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs. As of 1 October 2010, BP has spent $11.2 billion. As of March 2012, BP