According to researchers at the University of Southern Mississippi, the Gulf Oil Spill will cost the three coastal counties of Mississippi $120 million this summer season. This will come in mostly the areas of tourism and service industry revenues.
Here’s a quick synopsis of their figures, just for the summer months (June-August):
- Business at non-casino hotels are down 50%.
- Charter boat revenue is down 70%.
- Boat and boat trailer sales are down 65–70%.
- Seafood restaurant business is down 30%, with seafood prices up 30%.
This is based on the revenue generated the same time last year. No oil has washed up on Mississippi beaches yet (although some tarballs have washed up on Horn and Petit Bois Islands). The drop in revenue is strictly based on the images seen on national news, and the perception that the oil has washed up everywhere. Just imagine what these numbers will be, if and when the oil does wash up on the beaches.


What others are saying: