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Oil Spills, Workplace Safety and Firm Size: Evidence from the U.S. Gulf of Mexico OCS

Author

Listed:
  • Omowumi O. Iledare
  • Allan G. Pulsipher
  • David E. Dismukes
  • Dmitry Mesyanzhinov

Abstract

Accidents on offshore oil and gas platforms have declined dramatically during the past decade, yet concern about safety and environmental damages from offshore operations seems to have intensified. In the U.S. Gulf of Mexico, some of this concern is premised on an offshore restructuring caused by major oil and gas companies investing more heavily in exploration and production (E&P) in foreign countries, leaving more domestic E&P to smaller 'independents' assumed to be less careful and capable than majors. Both industry, and regulatory specialists believe this trend will increase the risk of accidents and oil spills. However, our analysis found no evidence that more independents would threaten workers' safety or the marine environment. In fact, on average independents had a slightly better record than the majors. We also found that the, Minerals Management Service's platform inspection program had a beneficial and statistically significant effect, decreasing both offshore accidents and oil' spills.

Suggested Citation

  • Omowumi O. Iledare & Allan G. Pulsipher & David E. Dismukes & Dmitry Mesyanzhinov, 1997. "Oil Spills, Workplace Safety and Firm Size: Evidence from the U.S. Gulf of Mexico OCS," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 73-89.
    • Handle: RePEc:aen:journl:1997v18-04-a03
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    Citations

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    Cited by:

    1. Muehlenbachs, Lucija & Cohen, Mark A. & Gerarden, Todd, 2013. "The impact of water depth on safety and environmental performance in offshore oil and gas production," Energy Policy, Elsevier, vol. 55(C), pages 699-705.
    2. Misbah Saboohi, 2020. "Exploring the Compensation Plans Under International Laws from Offshore Oil Facilities and Relationship between Oil Production, Trade and Carbon Emission: An Evidence from Global Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 265-273.
    3. Eyer, Jonathan, 2018. "The effect of firm size on fracking safety," Resource and Energy Economics, Elsevier, vol. 53(C), pages 101-113.

    More about this item

    JEL classification:

    • F0 - International Economics - - General

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