Article Title
First Page
1993
Abstract
In the aftermath of the Deepwater Horizon accident and the BP oil spill, the government imposed a moratorium on deepwater oil drilling in the Gulf of Mexico. The issue addressed here is whether, on grounds of policy, BP should be held responsible for moratorium- related economic losses. The answer that is developed is no. The reason, in essence, is that, although the spill caused the moratorium, the moratorium might be viewed as a socially beneficial event on net because its purpose was to avert a significant danger.
Recommended Citation
Steven Shavell,
Should BP Be Liable for Economic Losses Due to the Moratorium on Oil Drilling Imposed After the "Deepwater Horizon" Accident?,
64 Vanderbilt Law Review
1993
(2011)
Available at: https://scholarship.law.vanderbilt.edu/vlr/vol64/iss6/9