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Oil spill costs mount for U.S. economy, companies

Wed, 05/05/2010 - 5:26am
Reuters

NEW YORK (Reuters) - The oil gushing unchecked from an undersea well in the Gulf of Mexico could permanently scar coastal lands and bring down some of the energy companies tied to the accident if efforts to control the spill are unsuccessful, experts said on Tuesday.

The financial impact from the oil well blowout on April 20 that killed 11 workers and created a massive slick remains difficult to measure precisely, but the estimates of the damage continue to grow.

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