An unfortunate scenario is playing out from the BP (NYSE:BP) oil spill, as dubious claims by Fisherman and fish processors contradict one another.
First, honest fisherman and research confirm fishing is as good as it has ever been because of the low fishing pressure because of part of the Gulf being closed to commercial fishing. That has resulted in more and bigger fish.
Tests from investigators have found virtually no taint in seafood from the Gulf.
But fisherman seeking to get insurance benefits are hurting seafood distributors by making claims that the oil spill was a disaster for them, when as measured by tainted food, is a completely false statement.
As far as having fishing waters closed, that's a legitimate claim, but continuing to paint a narrative of tainted fish and seafood is an outright lie.
Those suffering from that false narrative are the food processors, who now have to fight the story put forth by some fisherman in order to convince consumers food from the area is edible and safe.
Why some fisherman are allowed to continue to make their assertions is puzzling.
Showing posts with label Fisherman. Show all posts
Showing posts with label Fisherman. Show all posts
Monday, October 25, 2010
BP (NYSE:BP): More Fishing Waters Opened in Gulf
Now that NOAA reopened another 7,000 square miles of Gulf of Mexico fishing waters, 96 percent of all waters are opened to be fished in, with only the immediate area around the formerly leaking Macondo oil well, which accounts for the 4 percent of the waters still closed, remaining off limits to fisherman.
The newly reopened waters are about 60 miles east of the Macondo well location.
Exhaustive testing of 155 finfish in the area, including chemical analysis and smell tests, found no taint of oil or oil dispersants.
Fish are resilient, and if they ever did contact oil, they are able to process it within a two-day period, according to scientists at NOAA and FDA.
Other testing continuing to be done is in processing plants around the Gulf coast region and shallow-water areas around docks.
The newly reopened waters are about 60 miles east of the Macondo well location.
Exhaustive testing of 155 finfish in the area, including chemical analysis and smell tests, found no taint of oil or oil dispersants.
Fish are resilient, and if they ever did contact oil, they are able to process it within a two-day period, according to scientists at NOAA and FDA.
Other testing continuing to be done is in processing plants around the Gulf coast region and shallow-water areas around docks.
Monday, October 18, 2010
BP (NYSE:BP) Cost to Louisiana Fishing Industry Could Reach $172 Million
A report released Friday, from a study commissioned by Greater New Orleans Inc., a regional economic development agency, concluded in the short term the gross revenue loss to the Louisiana fishing industry from the BP (NYSE:BP) oil spill could range from $115 million to $172 million.
Conducting the study was consulting firm IEM and Headwater Capital Consulting.
The parameters of the study were only on the short-term impact on the industry from the Gulf accident.
Two more studies have been commissioned which will focus on how the oil moratorium by the Obama administration affected the region, and a final study on how Louisiana as a brand was affected.
Loss of revenue shown above was for the years 2011-2013 in relationship to commercial fisheries. It targeted seven important marine species, including oysters, crab and shrimp.
Jobs lost from the oil spill are the equivalent of 2,650 to 3,975 full time jobs, said the study, and an earnings loss from $68 million to $103 million. Some of that was mitigated by the infusion of cash by BP into the industry.
Conducting the study was consulting firm IEM and Headwater Capital Consulting.
The parameters of the study were only on the short-term impact on the industry from the Gulf accident.
Two more studies have been commissioned which will focus on how the oil moratorium by the Obama administration affected the region, and a final study on how Louisiana as a brand was affected.
Loss of revenue shown above was for the years 2011-2013 in relationship to commercial fisheries. It targeted seven important marine species, including oysters, crab and shrimp.
Jobs lost from the oil spill are the equivalent of 2,650 to 3,975 full time jobs, said the study, and an earnings loss from $68 million to $103 million. Some of that was mitigated by the infusion of cash by BP into the industry.
Monday, August 16, 2010
LA. Shrimpers Begin Harvesting, BP (NYSE:BP) Oil Still A Concern
Shrimpers have returned to Louisiana to begin their harvesting season, but there are still concerns about the BP (NYSE:BP) oil that may have effected the shrimp. They are not for sure the price they will get if consumers are concerned about contamination, among other possible effects.
The massive oil spill has effected fishing as a whole in a state that ranks first for its shrimp, oysters, blue crab, and craw fish. It's a $318 million industry in Louisiana annually. Fisherman have already seen the prices crash in the Summer by scared consumers who stopped purchasing their products.
The biggest fear is that fisherman may try and sell oily seafood. A shrimper from Buras, Dewayne Bayham said, "If you see oil shrimp you got to throw them back over. Go somewhere else. It's all you can do, and you hope everyone else does the same."
On Friday, several fisherman did a test run around Grand Isle and Barataria Bay. Several areas were tralled and than the nets were pulled up revealing shrimp, jellyfish, mud, and driftwood. None of which contained any smell of oil. To reopen harvesting, the Food and Drug Administration has set levels which have to test below 12 various potential cancer causing substances.
The massive oil spill has effected fishing as a whole in a state that ranks first for its shrimp, oysters, blue crab, and craw fish. It's a $318 million industry in Louisiana annually. Fisherman have already seen the prices crash in the Summer by scared consumers who stopped purchasing their products.
The biggest fear is that fisherman may try and sell oily seafood. A shrimper from Buras, Dewayne Bayham said, "If you see oil shrimp you got to throw them back over. Go somewhere else. It's all you can do, and you hope everyone else does the same."
On Friday, several fisherman did a test run around Grand Isle and Barataria Bay. Several areas were tralled and than the nets were pulled up revealing shrimp, jellyfish, mud, and driftwood. None of which contained any smell of oil. To reopen harvesting, the Food and Drug Administration has set levels which have to test below 12 various potential cancer causing substances.
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