Download or read book Estimating the Economic Effects of the Deepwater Drilling Moratorium on the Gulf Coast Economy written by Barry Leonard and published by DIANE Publishing. This book was released on 2011-08 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.