Deepwater Horizon

NASA's Marshall Space Flight Center / https://flic.kr/p/7Zja6s

Five Gulf Coast states, Florida, Alabama, Mississippi, Louisiana and Texas, will share $18.7 billion from BP in the largest court settlement in U.S. history. If approved, this would end years of litigation over the 2010 oil spill in the Gulf of Mexico.

   In this week’s Economic Report, Dr. Rick Harper discusses economic issues related to the fifth anniversary of the BP Oil Spill in the Gulf of Mexico.

It was on April 20, 2010 that the Deepwater Horizon oil rig exploded, killing eleven people and triggering a sea-floor oil gusher that flowed for nearly three months. It was the nation's largest off-shore oil spill.

IHMC

With the recent news cycle being dominated by coverage of the five-year anniversary of the BP oil spill, it pays to take a few minutes to reflect on it. While the fear of those early days of fouled water and stained beaches has faded, there’s one thing we should never forget: it could have been worse. A lot worse.

Photo via Flickr//EPI2oh

$10 million in State of Florida grant money is coming to the Panhandle, to help pay for upgrades in local storm water infrastructure. That word comes from state Senate President Don Gaetz.

The money is part of a $90 million settlement between the Department of Justice and MOEX Offshore – a co-owner of the Deepwater Horizon oil rig that exploded four years ago, causing the nation’s worst oil spill.

Photo via Flickr//Kris Krug

There's a day-long event planned for next Wednesday in Pensacola Beach designed to summarize all that's happened in and around the Gulf in the four years since the Deepwater Horizon oil spill.

Four years after the massive oil spill in the Gulf of Mexico resulting from the Deepwater Horizon explosion, it appears another year will pass before BP learns how much it will owe under the Clean Water Act.

On Monday, U.S. Magistrate Sally Shushan issued a seven-page schedule of hearings, conferences and deadlines, leading up to the January 20 trial date set by presiding Federal Judge Carl Barbier. The schedule also calls for the trial to end on February 5.