Explain why oil exploration in the areas shown could lead to high economic and environmental costs. (10) The environmental effects of oil exploitation in these areas can vary depending upon the type, position and severity, however most pose the threat of being potentially severe. The explorations are taking place in deep water areas such as the Gulf of Mexico, the North Sea or the Arctic. Just one of the many potential risks and dangers of deep sea drilling is highlighted by the horizon oil rig spill of oil extracted from the sea floor. A spill in any of the deep sea areas would reduce the biodiversity of that area through reductions of bird populations, fish-stocks and populations of marine mammals.
The release of a liquid petroleum hydrocarbon also known as an oil spill has a large negative effect on the ocean. Oil is commonly used by individuals however often oil can be a problem to organisms and their inhabitants. Oils spills are a form of pollution and there are various sources of oil in bodies of water. There are several scientific solutions for oil spills, as well as possible ways to prevent this harmful pollution. In 2010 ,172 million gallons of oil spilled from a whole on the ocean bed in the Gulf of Mexico.
The production of these toxic-filled substances continues to lead the human race on a path of natural destruction; with thousands of animal sea-life dying annually from plastic consumption. It's time we wake up to the fact that our oceans are in need of critical help. How did the plastic get into our oceans to begin with? The oceans are enormous but they are not infinite. Today, as in the past, oceans are being treated as giant disposal areas for all types of refuse (plastics, tins, bottles etc.)
To add to this these methods need vast amounts of energy for extraction, causing the high extraction cost and with this also pollute greatly as the oil is extracted and so raise CO2 and other GHG emissions before the fuel is even burnt. Some of the environmental cost in these areas would be evident. The Canadian Tar Sands, Arctic and the marine ecosystems in the Gulf of Mexico are rich in biodiversity and pristine areas of wildlife and any spills of oil in these areas could be disastrous. The Arctic tundra is very sensitive to human interference and the Canadian Tar Sands is home to thousands of species of animals and is one of the largest bird migration centres in the world, millions of birds use this areas every year and groundwater depletion is another major problem as groundwater needs to be pumped out during mining operations otherwise flooding will occur. Reducing ground water levels will have consequences on the wider ecosystem and it will affect wetlands.
Oil spills have a number of effects on the environment and economy. On a basic level, oil will damage waterways, marine life and plants and animals on the land. An oil spill can also ruin the infrastructure and economy of a particular area with the long-term effects being felt for generations. Cleaning an oil spill is very expensive and the costs get spread to government agencies, non-profits, and the oil transport company itself. There is no set science for an oil spill clean-up.
The ocean dwellers are virtually helpless, and they will ultimately have to suffer the consequences that have been created mainly by humans. Over the past few years there has been a significant change in marine life. Coral reefs are becoming endangered due to high carbon dioxide levels and effects of warming. Large predators, small fish, and other organisms make their homes in coral reefs. A process called mass bleaching has also become a danger to coral reefs.
Besides global warming there is another problem with this beautiful structure and that is the result of several local natural and human factors such as over fishing. Silt from deforested lands and pollution from crowded coastlines choke them, and overuse and destroy coral reefs. There are many other factors which if they are not stopped it will destroy all coral reefs. Corals are animals, not plants; sunlight is the key to their survival. They need it to power the millions of microscopic algae, called zooxanthellae, that live in their tissues.
To understand changes in returns for the shareholders of the affected companies, we must first understand the scale of the economic consequences of the oil spill. Therefore, I will examine the consequences of the oil spill and the reactions of the parties involved, such as BP, the government, the states involved, the fisheries and tourism industry and other parties affected by the oil spill. These consequences include environmental damage, litigation, cleaning costs and stricter
The sea animal cannot adjust to these changes in the ocean due to global warming. Pollution is another big problem that is threatening our ocean. The ocean has become a dumping ground. These toxins are affecting the ocean in a harmful way. This is also hurting sea life.
What has happened to destroy so many reefs? Human population has become very large, and earth is warming. There are two different ways in which humans have contributed to the degradation of the Earth's coral reefs, indirectly and directly. Indirectly, we have destroyed their environment. The large population centres near coasts has led to silting of reefs, pollution by nutrients that lead to algal growth that smothers the coral, and overfishing that has led to increase in number of predators that eat corals.