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 September 17, 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 September 17, 2014).

Share This



More Earth & Climate News

Wednesday, September 17, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Raw: Scientists Examine Colossal Squid

Raw: Scientists Examine Colossal Squid

AP (Sep. 16, 2014) Squid experts in New Zealand thawed and examined an unusual catch on Tuesday: a colossal squid. It was captured in Antarctica's remote Ross Sea in December last year and has been frozen for eight months. (Sept. 16) Video provided by AP
Powered by NewsLook.com
Man Floats for 31 Hours in Gulf Waters

Man Floats for 31 Hours in Gulf Waters

AP (Sep. 16, 2014) A Texas man is lucky to be alive after he and three others floated for more than a day in the Gulf of Mexico when their boat sank during a fishing trip. (Sept. 16) Video provided by AP
Powered by NewsLook.com
Researchers Explore Shipwrecks Off Calif. Coast

Researchers Explore Shipwrecks Off Calif. Coast

AP (Sep. 16, 2014) Federal researchers are exploring more than a dozen underwater sites where they believe ships sank in the treacherous waters west of San Francisco in the decades following the Gold Rush. (Sept. 16) Video provided by AP
Powered by NewsLook.com
Isolated N. Korea Asks For International Help With Volcano

Isolated N. Korea Asks For International Help With Volcano

Newsy (Sep. 16, 2014) Mount Paektu volcano in North Korea is showing signs of life and there's not much known about it. Video provided by Newsy
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