On april 20, 2010, the bp oil companys macondo well blew out in mile deep water in the gulf of mexico, causing the deepwater horizon drill rig to explode, killing 11 workers, injuring 17 others. The vessel does not fix its position to any particular point but instead keeps on varying the position according to the well, using thrusters and propellers. A study of the economic impact of the deepwater horizon oil spill. Larissa graham, christine hale, emily maungdouglass, stephen sempier, tara skelton, ladon swann, and monica wilson. Hayworth et al deepwater horizon oil spill impacts on alabama beaches used by bp along alabamas beaches is warranted to deter mine their ef.
The spill had a negative impact on peoples intentions to visit louisiana. Bps deepwater horizon accident investigation report. Promotional fund, h as been established to promote tourism and the seafood industries in gulf coast areas impacted by the deepwater horizon incident. Tourism is one of the top economic drivers of the gulf region. The deepwater horizon disaster is one example of a problem that afflicts many companies, she says. On april 20, 2010, the deepwater horizon oil drilling rig was destroyed by an explosion and fire, and the.
Deepwater horizon was an ultra deepwater, dynamically positioned, semisubmersible offshore drilling rig owned by transocean. Everyone loses out when corporate governance falls by the. Deepwater horizon an overview sciencedirect topics. Summary of information concerning the ecological and. Pdf the deepwater horizon oil spill was accompanied by intergovernmental blame casting and criticisms similar to that of hurricane katrina. The deepwater horizon oil spill of 2010 significantly impacted the gulf coast economy. On april 20, 2010, the deepwater horizon oil rig exploded, causing the death of eleven men and. Deepwater horizon oil rig explodes killing 11 workers and injuring 17 more 4. Government agencies closed oiled waters to recreational and commercial.
The deepwater horizon oil spill in the gulf of mexico is the largest offshore. Impact of the deepwater horizon oil spill on a deepwater coral community in the gulf of. As set forth in the deepwater horizon economic and property damages settlement agreement, an rtp risk transfer premium shall mean the amount paid to a claimant for any and all alleged damage, including potential future injuries, damages or losses not currently known, which. Gulf of mexicos waters, plants, animals, and habitats. For example, oil concentration was reported for t r amoco. The oil spill impacted the fishing and seafood, tour ism, and oil and gas industries. Assessing the impact of the deepwater horizon oil spill on. The deepwater horizon is a semisubmersible ultradeepwaterpenetrating unit which is designed for working in hard surface conditions and great depth up to 10,000 feet with a group of 5 faculties.
The deepwater horizon oil spills impact on peoples health. The case of new orleans tourism and fishing clusters 73 expected to provide a disproportionate impact. Estimates of lost tourism dollars were projected to cost the. Everyone loses out when corporate governance falls by the wayside.
The impacts of the deepwater horizon oil spill stretched beyond the. They dont mix the deepwater horizon oil spill disaster in 2010 marked the worst environmental tragedy in our nations history, with effects that will last years, if not decades. The deepwater horizon oil spill disaster in 2010 marked the worst environmental tragedy in our nations history, with effects that will last years, if not decades. By national ocean economics program noep definition, the ocean economy. The deepwater horizon oil spill and the gulf of mexico. Pdf deepwater horizon oil spill impacts on alabama beaches. Therefore, if you are in one of the following businesses or work for such a business, you are in the tourism industry. An economic analysis of the deepwater horizon economic.
In particular, one of the primary purposes of this promotional fund is for the support of programs directed to advertising, promotion andor marketing which supports gulf tourism and the. Potential impact of the gulf oil spill on tourism restore the. Report by bp on gulf spill hints at likely legal defense. A study commissioned for the louisiana office of tourism two months after the deepwater horizon explosion had the following key findings. Pdf tourism as one of the most economically important industries is also one of the most vulnerable to crises. Deepwater horizon oil spill, also called gulf of mexico oil spill, largest marine oil spill in history, caused by an april 20, 2010, explosion on the deepwater horizon oil riglocated in the gulf of mexico, approximately 41 miles 66 km off the coast of louisiana and its subsequent sinking on april 22.