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Small Business Impacts Associated with the 2010 Oil Spill and Drilling Moratorium in the Gulf of Mexico

Full Report
Research Summary

by Impact Assessment Inc., LaJolla, CA 92037. 145 pages. Under contract number: SBAHQ-11-M-0210.

This study examines the impacts on small business of the April 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The study scope covered three counties and five parishes in Alabama, Louisiana, and Mississippi. For time and resource reasons, the authors’ methodology did not cover Orleans Parish/New Orleans, due to its size and diversity. This study did not provide macroeconomic estimates of the impact of the oil spill and drilling moratorium on the Gulf region. Examples of other studies that provided macroeconomic estimates and projections include:

• Bluey, Rob. The Fiscal Impact of the Offshore Drilling Moratorium, National Center for Policy Analysis, April 27, 2011.

• Coughlan, John. “Gulf Coast Unemployment Trends, 2000 to 2010: Hurricanes, Recessions, Oil Spills,” Monthly Labor Review, Bureau of Labor Statistics, August  2012.

• IHS Global Insights, The Economic Impact of the Gulf of Mexico Offshore Oil and Natural Gas Industry and the Role of Independents,  July 21, 2010.

• Mason, Joseph R., The Economic Cost of a Moratorium on Offshore Oil and Gas Exploration to the Gulf Region, Louisiana State University, July 2010.

• U.S. Department of Commerce, Estimating the Economic Effects of the Deepwater Drilling Moratorium on the Gulf Coast Economy, Economics and Statistics Administration, September 16, 2010.