Featured Research

from universities, journals, and other organizations

Deepwater Horizon disaster could have billion dollar impact

Date:
February 17, 2012
Source:
Canadian Science Publishing (NRC Research Press)
Summary:
The Deepwater Horizon oil spill in the Gulf of Mexico in April 2010 will have a large economic impact on the US Gulf fisheries. A new study says that over seven years this oil spill could have a $US8.7 billion impact on the economy of the Gulf of Mexico. This includes losses in revenue, profit, and wages, and close to 22,000 jobs could be lost.

The Deepwater Horizon oil spill in the Gulf of Mexico in April 2010 will have a large economic impact on the U.S. Gulf fisheries.
Credit: forcdan / Fotolia

The Deepwater Horizon oil spill in the Gulf of Mexico in April 2010 will have a large economic impact on the U.S. Gulf fisheries. A new study published in the Canadian Journal of Fisheries and Aquatic Sciences (CJFAS) says that over 7 years this oil spill could have a $US8.7 billion impact on the economy of the Gulf of Mexico. This includes losses in revenue, profit, and wages, and close to 22 000 jobs could be lost.

"Unlike the visually obvious and immediate effects on birds and mammals, the effects of oil on fisheries can be more difficult to detect, though they are no less devastating," says lead author U. Rashid Sumaila. "Oil and hydrocarbons are taken up by plankton and other surface-dwelling species that link to aquatic food chains." This in turn affects the fishing industry.

The Deepwater Horizon, a British Petroleum oil rig, exploded in the Gulf of Mexico on 20 April 2010. By August 2010 it was estimated that it had leaked an estimated 4.9 million barrels of oil (780 million L), making it the largest accidental marine oil spill in US waters. In comparison, the Exxon Valdez oil spill in 1989 amounted to less than 0.5 million barrels. This study estimates the economic impact this spill will have on commercial and recreational fisheries and mariculture in the Gulf of Mexico.


Story Source:

The above story is based on materials provided by Canadian Science Publishing (NRC Research Press). Note: Materials may be edited for content and length.


Journal Reference:

  1. Sumaila, U.R., Cisneros-Montemayor, A.M., Dyck, A., Huang, L., Cheung, W., Jacquet, J., Kleisner, K., Lam, V., McCrea-Strub, A., Swartz, W., Watson, R., Zeller, D., and Pauly, D. Impact of the Deepwater Horizon well blowout on the economics of US Gulf fisheries. Canadian Journal of Fisheries and Aquatic Sciences, 2012 DOI: 10.1139/F2011-171

Cite This Page:

Canadian Science Publishing (NRC Research Press). "Deepwater Horizon disaster could have billion dollar impact." ScienceDaily. ScienceDaily, 17 February 2012. <www.sciencedaily.com/releases/2012/02/120217115553.htm>.
Canadian Science Publishing (NRC Research Press). (2012, February 17). Deepwater Horizon disaster could have billion dollar impact. ScienceDaily. Retrieved July 23, 2014 from www.sciencedaily.com/releases/2012/02/120217115553.htm
Canadian Science Publishing (NRC Research Press). "Deepwater Horizon disaster could have billion dollar impact." ScienceDaily. www.sciencedaily.com/releases/2012/02/120217115553.htm (accessed July 23, 2014).

Share This




More Earth & Climate News

Wednesday, July 23, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

New Orleans Plans to Recycle Cigarette Butts

New Orleans Plans to Recycle Cigarette Butts

AP (July 21, 2014) New Orleans is the first U.S. city to participate in a large-scale recycling effort for cigarette butts. The city is rolling out dozens of containers for smokers to use when they discard their butts. (July 21) Video provided by AP
Powered by NewsLook.com
Shark Sightings a Big Catch for Cape Tourism

Shark Sightings a Big Catch for Cape Tourism

AP (July 21, 2014) A rise in shark sightings along the shores of Chatham, Massachusetts is driving a surge of eager vacationers to the beach town looking to catch a glimpse of a great white. (July 21) Video provided by AP
Powered by NewsLook.com
Spectacular Lightning Storm Hits London

Spectacular Lightning Storm Hits London

AFP (July 19, 2014) A spectaCular lightning storm struck the UK overnight Friday. Images of lightning strikes over the Shard and Tower Bridge in central London. Duration: 00:23 Video provided by AFP
Powered by NewsLook.com
A Centuries' Old British Tradition Is Far from a Swan Song

A Centuries' Old British Tradition Is Far from a Swan Song

AFP (July 19, 2014) As if it weren't enough that the Queen is the Sovereign of the UK and 15 other Commonwealth realms, she is also the owner of all Britain's unmarked swans. Duration: 02:18 Video provided by AFP
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins