Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. what were some of the adverse economic outcomes, f

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

60.1K

Verified Solution

Question

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  

Answer & Explanation Solved by verified expert
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
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

(1 point) If C is the curve given by r(t)=(1+5sint)i+(1+3sin2t)j+(1+3sin3t)k, 0≤t≤π2 and F is the radial vector...

Physics
1.2K views

PLEASE answer questions 3 , 4 & 5. write clearly PROBLEM 3 Calculate the magnitude of the...

Biology
1.2K views

Led American foreign policy experts College President O Theodore Roosevelt Cecil John Rhodes Which of...

Physics
1.2K views

Thermal Properties of Matter 261 22 100 g of ice latent heat 80 cal g...

Algebra
1.2K views

raph of a function fis given a Find the local minimum value of f and...

Accounting
1.2K views

absorption costing versus variable costing. wall tech company produces wood siding. the following information pertains...

Accounting
1.2K views

3. Compute the direct labor variance, including its rate and efficiency variances....

Accounting
1.2K views

Question 2 (25 marks total) Below is a representative bank's T-account. Answer the questions below....

Accounting
1.2K views

Assume that Nolola acquires a competitor's assets on March 31st. The purchase price was $150,000....

Finance
1.2K views

Can you help me answer this question. Thank you Question (10) The first...

Finance
1.2K views

1. dividend growth of 2.4% per year indef. most recent div. was $1.5. what is...

Finance
1.2K views

What Are Differences Between Plastic Electronic-, and Paper Based Money Management? The term payment medium,...