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What were some of the adverse economic outcomes, for BP and others, arising from the Deepwater...

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Economics

What were some of the adverse economic outcomes, for BP andothers, arising from the Deepwater Horizon accident and thesuspension of all new domestic offshore drilling during theaccident investigation? Cite specific examples  

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3.6 Ratings (474 Votes)
The incident affected whole of the economy and it is regarded as worst US spill everThe incident affected the marine ecosystem to which we dont have any hard evidence of the loss because we dont subtract impact on environment in our GDP calculations Two days later the NOAA declared 19 percent of the Gulf to be a nofishing zone The Gulf of Mexico commercial fishing industry was estimated to have lost 247 million as a result of post spill fisheries closures One study projects that the overall impact of lost or degraded commercialfisheries in the Gulf could be 87    See Answer
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