The Deepwater Horizon leak's effect on states and metro areas from Moody's Analytics. The costs associated with the Deepwater Horizon oil spill will total in the billions of dollars for the Gulf Coast economies. This article lays out the economic losses for states and metro areas, considers potential long-term consequences for the national and regional economies, and provides:
- A snapshot of the Gulf Coast economies in the context of the Deepwater Horizon spill.
- Comparison of past oil spills that inform our thinking of the potential losses from the current disaster.
- Methodology and results for a baseline and alternative worst-case scenario forecast.
Related Products:
Moody's Analytics State Forecast Models.
Though the full environmental and economic consequences of the Gulf oil spill will not be known for several years, the Moody's Analytics state forecast models allow for preliminary estimates of the economic losses in the Gulf Coast associated with the spill. Run your own forecast scenarios using our state forecast models.
