Content Details
Ixtoc I Oil Spill Economic Impact Study, Executive Summary
- Branch
- Executive
- Category
- Executive Agency Publications
- SuDoc Class Number
- I 72.
- Government Author
- Interior Department, Bureau of Land Management
- Personal Author
- Restrepo CE; Lamphear FC; Gunn CA; Ditton RB; Nichols JP; Restrepo LS
- Series Title
- BOEM Environmental Studies
- Publication Title
- Ixtoc I Oil Spill Economic Impact Study, Executive Summary
- Date Issued
- 1982
- Subject
- Anthropogenic Properties; Socio-economic and Infrastructure
Employment & Income
Western Gulf; Texas; Socioeconomics; Hydrocarbons; Oil Spill; Assessments; Modeling; Recreation; Commercial Fishing; Tourism; Coastal Zone
- Obligation Number
- 29143
- Geographic Scope
- Gulf of Mexico
- Report Number
- 1982-33
- CSE Reference
- Restrepo CE, Lamphear FC, Gunn CA, Ditton RB, Nichols JP, Restrepo LS. 1982. IXTOC I oil spill economic impact study, executive summary. US Department of the Interior, Bureau of Land Management. 21 p. Obligation No.: 29143. Report No.: OCS Study 1982-33. URL: https://espis.boem.gov/Final%20Reports/3929.pdf
- Abstract
- An exploratory oil well, the IXTOC I, blew out on June 3, 1979 in the Bay of Campeche, Gulf of Mexico. The IXTOC I was the world's largest and probably most expensive oil spill. The oil released by the IXTOC I was carried by Gulf currents into American waters by August 1979. In addition to the oil from the IXTOC I, the Texas coast was affected by fresh unweathered oil from the sinking of the oil tanker BURMAH AGATE in November 1979. These events had multiple effects on local, State, Federal, and international economies. As a result, an economic assessment of the spills on the Texas coastal region was initiated. Economics is a discipline that deals with the production, distribution and consumption of wealth. Economic assessments generally attempt to translate the results of a physical action into a set of monetary values. The purpose of this report is to define and quantify the economic components and their relationships that were established as a result of the June third accident in the Bahia de Campeche.