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Damages from the Oil Spill

I was just googling to try to find out how much the Gulf oil spill might cost in damage. I suspect it’s overblown. Apparently Exxon Valdex caused damage of less than 5 billion dollars according to the Courts, and I wouldn’t be surprised if the true damge were much smaller, since the courts aren’t likely to be fair where oil companies are concerned. Think, too— if (a big assumption) all the wildlife in a stretch of 10 miles is destroyed, leaving virgin habitat (since the oil becomes harmless under sand), won’t wildlife move back in after just a few years? That might be a bad few years for fisheries–if there are any— but as far as Existence Value, it just means a few years of nonexistence during which nobody much woudl ahve visited it anyway.I value Alaskan wildlife in general quite highly, but I value Alaskan wildlife from 1995 to 2010 at almost zero. That fifteen years has no cosmic significance at all, and also no personal significance to me.

I wonder if the current BP spill is really causing any damage?

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