CNN: Gulf’s $234 billion economy at risk

Excerpts from CNN Money:

Tourism is the second largest industry in the Gulf, and it ranks right behind oil. About 46% of the Gulf economy, or over $100 billion a year, is from tourism dollars, according to the A&M report.

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Moreover, both the Harte study and the A&M report only look at the Gulf of Mexico… there are reports that the oil is getting caught up in the so-called loop current, which could bring it up the eastern seaboard. “If that happens, all bets are off,” said Yoskowitz.

Read the full article here: http://money.cnn.com/2010/05/26/news/economy/gulf_economy/

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