Oil Down Is an Organization Which Is Exploring the Possibility

question 50

Essay

Oil Down is an organization which is exploring the possibility of striking oil in the outskirts of a local county.It strikes oil and transports it with the help of pipelines running through the local creek and river.One day,due to some reason,the oil pipeline ruptures,thereby causing contamination of the local creek and river.Under which act would the organization be liable to the federal government and what would be the punishment accorded to the organization?

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Definitions:

Bond Prices

are the market value of bonds, which inversely correlate with interest rates; when rates go up, bond prices typically go down, and vice versa.

Interest Rates

The proportion of a total amount of money that is levied for its utilization, typically stated on a yearly basis.

Money Supply

The absolute total of money-related assets within an economy at a particular time.

Depository Institutions

Financial institutions that accept deposits from the public and offer lending and other financial services.