Approaches and application of Comparative Risk Assessment concepts to oil spill preparedness planning and response

Abstract

Comparative Risk Assessment (CRA) is emerging as a methodology that may be applied to facilitate decisionmaking when various possible activities compete for limited resources. The CRA framework may be an especially valuable tool for prioritization of remediation efforts and for making choices among various environmental policies specific to oil industry operations. This paper will show that CRA is an efficient and cost-saving tool that assists in developing oil spill response priorities based on the broadest possible range of concerns and issues important to all stakeholders. In addition, the CRA approach allows the cost/benefit evaluation of alternative environmental policies and strategies relative to the baseline risks and disruptions associated with oil spills (as well as other costs and benefits of petroleum use).