Deepwater Horizon disaster could have billion dollar impact: new study

Feb 17, 2012

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 ." This in turn affects the .

The Deepwater Horizon, a , 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.

Explore further: Obama readies climate change push at UN summit

More information: 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. 2012. Impact of the Deepwater Horizon well blowout on the economics of US Gulf fisheries. Canadian Journal of Fisheries and Aquatic Sciences, 69. doi: 10.1139/F2011-171 . Available Open Access at http://www.nrcresearchpress.com/doi/full/10.1139/F2011-171

Provided by Canadian Science Publishing

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

BP oil spill partly blamed for Gulf dolphin deaths

May 27, 2011

The deaths of over 150 dolphins in the Gulf of Mexico so far this year is due in part to the devastating 2010 BP oil spill and the chemical dispersants used to contain it, a report said Thursday.

Spill no reason to halt deep sea drilling: BP

Mar 07, 2011

Last year's massive Gulf of Mexico oil spill sparked by an explosion on a BP-leased platform is no reason to stop deep sea drilling, the group's chairman Carl-Henric Svanberg said Monday.

Recommended for you

Implications for the fate of green fertilizers

10 hours ago

The use of green fertilizers is a practice that has been around since humans first began growing food, but researchers are warning that modern techniques for the creation of these fertilizers could have implications ...

Ditching coal a massive step to climate goal: experts

11 hours ago

Phasing out coal as an electricity source by 2050 would bring the world 0.5 degrees Celsius closer to the UN's targeted cap for climate warming, an analysis said on the eve of Tuesday's UN climate summit.

Monitoring heavy metals using mussels

14 hours ago

A research team in Malaysia has concluded that caged mussels are useful for monitoring heavy metal contamination in coastal waters in the Strait of Johore. Initial results indicate more pollution in the eastern ...

User comments : 0