Impact of the Deepwater Horizon well blowout on the economics of US Gulf fisheries

U. Rashid Sumaila, Andrés M. Cisneros-Montemayor, Andrew Dyck, Ling Huang, William Cheung, Jennifer Jacquet, Kristin Kleisner, Vicky Lam, Ashley McCrea-Strub, Wilf Swartz, Reg Watson, Dirk Zeller (+2 others)
2012 Canadian Journal of Fisheries and Aquatic Sciences  
Marine oil spills usually harm organisms at two interfaces: near the water surface and on shore. However, because of the depth of the April 2010 Deepwater Horizon well blowout, deeper parts of the Gulf of Mexico are likely impacted. We estimate the potential negative economic effects of this blowout and oil spill on commercial and recreational fishing, as well as mariculture (marine aquaculture) in the US Gulf area, by computing potential losses throughout the fish value chain. We find that the
more » ... spill could, in the next 7 years, result in (midpoint) present value losses of total revenues, total profits,
doi:10.1139/f2011-171 fatcat:rvgzpx2ld5bo3pj7edb3qs2ex4