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Who is resolving the oil spoll crisis and what are they doing?

Who is resolving the oil spoll crisis and what are they doing?

April 20: An explosion occurs on the Deepwater Horizon offshore oil drilling rig in the Gulf of Mexixo.

April 25: The Coast Guard approved a plan to have remote underwater vehicles activate a blowout preventer; however, it proved unsuccessful.

April 29: Barack Obama pledget every single available resource, including the U.S. military, to contain the spreading spill.

April 30: Chairman Tony Hayward said BP will take full responsibility for the spill and would pay all claims and the cost of the cleanup.

April 30: BP started to drill a relief well alongside the failed well, a process that could take 2 to 3 month to complete.

May 6: United Nations, Canada, Russia, Croatia, France, Germany, Iran, Ireland, Mexico, the Netherlands, Norway, Romania, South Korea, Spain, Swedem and the U.K. offered assistance. But the U.S. declined the offers.

May 16: BP succeeds in inserting a tube into the leaking well and capturing some oil and gas.

May 31: BP estimated that the blownout oil well may not be stopped until August as the company prepares a new attempt to capture leaking crude.

June 2: U.S. authorities established fishing restrictions to cover 37% of U.S. federal waters in the Gulf.

June 14: The U.K. Govemment voiced concem about the environment. The country takes practical measures, including the offer of dispersants.

June 16: BP agrees to set up a $20 billion fund for damage claims from the spill.

June 19: The Coast Guard requested skimming boats and equipment from the Netherlands, Norway, France, and Spain.

June 29: The U.S. State Department accepted 22 offers of assistance from 12 countries and international bodies, including two high-speed skimmers and a fire containment boom from Japan.


$69 million the U.S. govermment's clean-up efforts.

$100 million the cost to drill the relief well.

$700 million the cost replace the rig

$3.1 billion is the cost for the spill response, containment, relief well drilling grants to the Gulf states, and federal costs.

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