Gulf of Mexico Oil Spill Blog Alabama Saraland Southern Gulf Seafood

Alabama Saraland Southern Gulf Seafood

Alabama Saraland Southern Gulf Seafood

Alabama Saraland Southern Gulf Seafood

Jimmy Olive, 66, Satsuma

Occupation: He has owned Southern Gulf Seafood in Saraland since 1987.

The Press-Register printed a letter from Olive in July asking the public for help “convincing customers that the seafood that markets are selling is safe to eat and has no oil.” Olive filed a claim with BP in May, and then another in August with the Gulf Coast Claims Facility. In September, he received a check that covered his overhead from the start of the spill through December and reimbursed him for the net profit that he had shown in the same period the previous year. In January, he contemplated a $25,000 quick claim.

Outlook: He’s as hopeful as he has been since the Deepwater Horizon explosion. Business is picking up, he said, and he’s buying more and more shrimp from off the Texas coast. He was surprised recently when customers asked for local shrimp. “I didn’t hear that last year,” he said, although he added, “I’m afraid there’s still some out there who are worried about it.” He praised his loyal customers as the main reason that his small business survived. “They put me on their shoulders and toted me right through this stuff.”

Claims process: Olive said that he and his accountant determined that a $25,000 quick claim would not be enough to cover three-year loss projections. He is negotiating with the Gulf Coast Claims Facility and believes that he could see a check for a larger figure in the next few weeks. Olive is eager to end the process. “I’ll be done with Mr. Feinberg, and Mr. Feinberg will be done with me,” he said, referring to claims czar Ken Feinberg. “I’m ready to sign away and forget this ever happened.”

source: Gulf Oil Spill: Tracking the Claims — Optimism for business, not for process | al.com

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