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The BP oil spill had an impact on the economy of the Gulf states, with the largest impact on Louisianna. Due to the prohibition to fishing, the fishing industry,primarily shrimpers suffered. See link on the financial estimates.

Also, tourism declined in the area due to closing beaches or concern that the beaches would be closed and seafood unsafe to eat.

Finally, the prohibition of exploratory deepwater drilling following the spill, means that many rig workers will lose their jobs. This is more a consequence of the US government's decision to place a moratorium on new drilling than a direct result of the spill.

See related link.

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13y ago
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13y ago

Many people were employed to clean up the spill. There was an immediate demands for skimmers and oil booms, so these industries prospered.

However, the economy was also impacted by loss of tourism due to contaminated beaches. The negative impacts also include the fishermen (particularly shrimpers) could not work because large areas of the Gulf of Mexico were quarentined.

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Q: How did the BP oil spill impact your economy?
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