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Benefits

The Gulf Oil Spill
An Economic Perspective

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Linked Articles:  
Poll: Oil spill's economic impact worries public
from USAToday.com
Americans overwhelmingly view the oil spill in the Gulf of Mexico as an economic and environmental catastrophe that will reverberate for a decade and more.
Oil Spill May End Up Lifting GDP Slightly
from WSJ.com
The continuing oil spill in the Gulf of Mexico could end up adding a bit of growth to the U.S. economy as the huge cleanup efforts in some ways outweigh negative factors.

Oil Hit-or-Miss on Gulf Beaches, as Are Tourists
from CBSNews.com
As La., Ala. and Fla. deal with closures and health advisories, slick largely bypasses Miss., but all feel effects.

Coast economy slippery after oil spill
from SunHerald.com
The oil disaster in the Gulf of Mexico is expected to hit the Coast economy with a loss of $119.4 million in the next four months, according to a study by the University of South Mississippi.

Oil Spill Creates Uncertainty for Area Banks
from TheStreet.com
Among the many serious implications of the massive BP(BP) oil spill in the Gulf Coast region is that it's likely to prolong credit troubles at banks operating in what was already a tenuous economy.

BP Spill May Be ‘Opportunity in Disguise’ for Oil-Rig Makers
from Bloomberg.com
Heightened U.S. scrutiny of offshore drilling after the BP Plc spill, the worst in the nation’s history, may spur oil companies to replace aging rigs with new platforms made in South Korea and Singapore.

New Orleans' Cuisine Crisis: Is It Safe to Eat the Po'Boy?
from Time.com
The oil spill has closed nearly one-third of the Gulf of Mexico to fishing. It is potentially catastrophic for Louisiana's core $2.4 billion seafood industry.

Why the BP Spill Won't Mean Twilight for Big Oil
from Time.com
Two of the biggest man-made environmental disasters in recent years offer differing examples but suggest limited prospects for big change.

Oil Leak's Impact on U.S.-British Relations, Economics Examined
from PBS.com
Lawmakers continue to hold U.K.-based BP's feet to the fire over the ongoing oil leak, sparking some tensions between the U.S. and Britain. Judy Woodruff gets two points of view about the company's future, the billions of dollars at stake and the political divide.
 
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