Three months and some odd days later, the Deepwater Horizon’s oil-gushing well might finally be permanently closed. On August 2nd, a procedure called “static kill” is set to begin. Static kill, along with injections of mud and cement, will once and for all seal off the well, putting to and end one of the largest oil catastrophes this world has ever seen.
Now that there is a tangible end in sight, recovery and prevention is stepping into play. The House and Senate proposed a bill requiring higher safety standards for offshore drilling, a lifting of the liability cap for oil spills, subsidies for alternative energy projects, and incentives to buy and own alternative fuel vehicles. As well, in an effort to help get the Gulf Coast back up and running, officials suggested BP set aside $500 million for drawing tourists back to the area.
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