The Labor Market Impacts of the 2010 Deepwater Horizon Oil Spill and Offshore Oil Drilling Moratorium PDF Download
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Author: Joseph E. Aldy
Publisher:
ISBN:
Category : BP Deepwater Horizon Explosion and Oil Spill, 2010
Languages : en
Pages : 45
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Book Description
In 2010, the Gulf Coast experienced the largest oil spill, the greatest mobilization of spill response resources, and the first Gulf-wide deepwater drilling moratorium in U.S. history. Taking advantage of the unexpected nature of the spill and drilling moratorium, I estimate the net effects of these events on Gulf Coast employment and wages. Despite predictions of major job losses in Louisiana - resulting from the spill and the drilling moratorium - I find that Louisiana coastal parishes, and oil-intensive parishes in particular, experienced a net increase in employment and wages. In contrast, Gulf Coast Florida counties, especially those south of the Panhandle, experienced a decline in employment. Analysis of accommodation industry employment and wage, business establishment count, sales tax, and commercial air arrival data likewise show positive economic activity impacts in the oil-intensive coastal parishes of Louisiana and reduced economic activity along the Non-Panhandle Florida Gulf Coast.
Author: Joseph E. Aldy
Publisher:
ISBN:
Category : BP Deepwater Horizon Explosion and Oil Spill, 2010
Languages : en
Pages : 45
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Book Description
In 2010, the Gulf Coast experienced the largest oil spill, the greatest mobilization of spill response resources, and the first Gulf-wide deepwater drilling moratorium in U.S. history. Taking advantage of the unexpected nature of the spill and drilling moratorium, I estimate the net effects of these events on Gulf Coast employment and wages. Despite predictions of major job losses in Louisiana - resulting from the spill and the drilling moratorium - I find that Louisiana coastal parishes, and oil-intensive parishes in particular, experienced a net increase in employment and wages. In contrast, Gulf Coast Florida counties, especially those south of the Panhandle, experienced a decline in employment. Analysis of accommodation industry employment and wage, business establishment count, sales tax, and commercial air arrival data likewise show positive economic activity impacts in the oil-intensive coastal parishes of Louisiana and reduced economic activity along the Non-Panhandle Florida Gulf Coast.
Author: Barry Leonard
Publisher: DIANE Publishing
ISBN: 1437985866
Category : Technology & Engineering
Languages : en
Pages : 25
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Book Description
The BP Deepwater Horizon drilling rig, situated about 50 miles off the coast of southern Louisiana, exploded on April 20, 2010, resulting in 11 deaths, 17 injuries, and one of the worst environmental disasters in U.S. history. In response, the Secretary of the Interior exercised his authority to suspend certain deepwater drilling activities. Given uncertainty about the adequacy of existing safety regulations, the moratorium provided time to determine whether and how deepwater drilling could continue in a safe and environmentally-sound manner. The moratorium was in effect until November 30, 2010. This report estimates the economic consequences of this moratorium in the 5 Gulf Coast states. Illustrations. This is a print on demand report.
Author: United States. National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling
Publisher:
ISBN:
Category : BP Deepwater Horizon Explosion and Oil Spill, 2010
Languages : en
Pages : 80
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Synopsis: On April 20, 2010, the Macondo well blew out, costing the lives of 11 men, and beginning a catastrophe that sank the Deepwater Horizon drilling rig and spilled over 4 million barrels of crude oil into the Gulf of Mexico. The spill disrupted an entire region's economy, damaged fisheries and critical habitats, and brought vividly to light the risks of deepwater drilling for oil and gas-the latest frontier in the national energy supply. Soon after, President Barack Obama appointed a seven-member Commission to investigate the disaster, analyze its causes and effects, and recommend the actions necessary to minimize such risks in the future. The Commission's report offers the American public and policymakers alike the fullest account available of what happened in the Gulf and why, and proposes actions-changes in company behavior, reform of government oversight, and investments in research and technology-required as industry moves forward to meet the nation's energy needs. Complementary reports, staff background papers, hearing records, and other materials produced by the Commission are available at www.oilspillcommission.gov.
Author: United States. Congress. Senate. Committee on Small Business and Entrepreneurship
Publisher:
ISBN:
Category : BP Deepwater Horizon Explosion and Oil Spill, 2010
Languages : en
Pages : 76
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Author: Curry L. Hagerty
Publisher: DIANE Publishing
ISBN: 1437934730
Category : Technology & Engineering
Languages : en
Pages : 51
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Book Description
On April 20, 2010, an explosion and fire occurred on the Deepwater Horizon drilling rig in the Gulf of Mexico (GoM). This resulted in 11 worker fatalities, a massive oil release, and a national response effort in the GoM region by the federal and state governments as well as BP. Contents of this report: (1) Intro.; (2) Setting in the GoM: Oil and Gas Recovery; Weather and Ocean Currents; Biological Resources; (3) Offshore Oil and Gas Drilling Technology; (4) Fed. Statutory Framework; (5) Fed. Regulatory Framework; (6) Environmental and Economic Impacts; (7) Labor Issues; (8) Reorganization of Minerals Mgmt. Service; (9) FEMA Issues; Exxon Valdez; Recent Regional Disaster History; (10) Conclusion. Charts and tables.
Author: United States. Congress. House. Committee on Transportation and Infrastructure
Publisher:
ISBN:
Category : Science
Languages : en
Pages : 360
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Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Ad Hoc Subcommittee on State, Local, and Private Sector Preparedness and Integration
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 164
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Author: Javier Cano-Urbina
Publisher:
ISBN:
Category :
Languages : en
Pages : 60
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Book Description
When the Deepwater Horizon oil rig exploded in 2010, it resulted in the largest off-shore oil spill in United States history. Economic theory dictates that the oil damage and restitution payments that resulted from the spill should be capitalized into property values. To measure the extent of this capitalization, we create a novel dataset by linking surveys of the location and severity of oil observed along over 4,300 miles of the Gulf Coast to measures of local housing market outcomes. We then perform hedonic-style analysis to determine the net effects of the spill on affected real estate markets. In doing so, we provide the first plausibly causal estimates of the effect of the spill on affected housing markets throughout the Gulf region. Identification comes from a triple-difference framework that exploits the random nature of both the spill and the spatial distribution of oil that affected coastal communities as well as controlling for the confounding effects of the housing market crash. Results suggest that on net, the BP oil spill caused a significant decline in the home prices of between four and eight percent that persisted until at least 2015. This implies housing markets capitalized $3.8 billion to $5.0 billion in spill damage net of clean-up and restitution. These results are robust to numerous alternative definitions of treatment and control groups.
Author: Stella Benedickt
Publisher: GRIN Verlag
ISBN: 334676902X
Category : Science
Languages : en
Pages : 27
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Book Description
Seminar paper from the year 2020 in the subject Politics - Environmental Policy, grade: 1,0, Christian-Albrechts-University of Kiel, language: English, abstract: This paper shortly explains the incident and it's environmental and economical consequences. However, the focus is on the political and legal changes that can be seen as a result of the accident. Who was held responsible for the spill? What was the direct response from the Obama Administration and how did the biggest oil spill in history changed policy concerning safety and oil production? For centuries the oceans are a source for food supply, transportation, security, oil and gas resources. At the same time, human pressure the oceans both from land and see and climate change causes further tension. Ocean governance developed as a response to this. It’s the conduct of the policy, actions and affairs regarding the oceans and is engaged for example with the division of the ocean space and the diverging regulations to control human activity in the oceans. By the middle of the twentieth century there was an impetus to extend national claims over offshore resources. The exploitation fever grow as technology opens new ways to tap the resources of the sea. Especially oil exploration was moving further from land and deeper into the bedrock of continental margins in the late 1960s. The fast development of the offshore oil production needs to be seen in a political context as till the 1970s the United States had been the world’s number one producer of petroleum and American oil companies determined the global price of oil. However, the American demand for oil steadily increased and so did the overall reliance on imports. The “oil shocks” in 1973 and 1979 were the clearest and most painful affirmation of the nation’s vulnerability because of its dependence on import oil. The more oil the U.S. produces itself the more the country can limit its involvement with foreign powers and concentrate on entirely meeting its own energy needs. Offshore drilling and shale oil will provide that quantity of oil and any additional oil production can be used to trade internationally and thereby making the U.S more powerful on the global stage. Dependence on the other hand can threaten U.S. national security and revenues may undermine the efforts to promote good governance. The Gulf of Mexico is one of the most important regions for energy resources and infrastructure for the U.S., both onshore and offshore. One of the key events that caused the onset of major changes was the explosion at the Deepwater horizon mobile offshore drilling unit in the Gulf of Mexico on April 20,2010.
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations
Publisher:
ISBN:
Category : BP Deepwater Horizon Explosion and Oil Spill, 2010
Languages : en
Pages : 232
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Book Description
