Potential Industry Impacts of the Gulf of Mexico Oil Spill (GOMOS)

The damages to the Gulf of Mexico natural resources due to GOMOS would take some time to be cleaned up and the restoration period to get the resources back to their original pre-GOMOS status is still indefinite.

In the meantime, the production of goods and services by economic sectors located in the GOM states would be adversely affected leading to possible reduction in the levels of economic activity, employment and personal income, and tax revenues.

The closures of significant portions of GOM federal and state waters to commercial and recreational fishing and closures of beach resources to human uses due to GOMOS will alter the recreation and consumption decisions of residents and tourists in affected communities.

In order to understand the magnitude of the potential economic impacts of GOMOS to the different economic sectors affected, multi-year baseline economic information about each sector is compiled from various secondary sources.

Commercial Seafood

Coastal Tourism

Marine Transportation

Marine-Related