It is safe to say that the extent of damage from the Gulf of Mexico oil spill will be far-reaching, but to think you might need online payday loans because of the spill is a little strange, right? Wrong. Obviously, the environment and ecosystem of the Gulf will be hard hit, but we forget how many people rely on that ecosystem. Fishermen will have no fish to net. Shrimpers will have no shrimp to catch. Drivers across the nation will feel the pinch at the pump.
In short, the oil spill will not only wreak havoc on the Gulf ecosystem, it will also take a toll on the economy.
BP versus Exxon Valdez
The BP Oil Spill has far surpassed the Exxon Valdez spill. When the Exxon Valdez ran aground in Alaska, it was considered one of the most tragic environmental disasters ever. So, we can now assume that the BP Oil Spill will go down as another environmental tragedy. Oil is gushing into the gulf, and the sticky petroleum is killing wildlife including shrimp, birds and fish — fish that fishermen usually catch for a living.
Unemployment in the Gulf
The United States is already struggling with unemployment. In April, the unemployment rate was 9.5 percent. The Florida Oil Spill will not help matters. Without fish and shrimp to fill their nets, there are going to be a lot of fishermen out of work and out of food.
Summer Gas Prices
People that live on and around the Gulf Coast will be hit hardest by the oil spill, but people in the rest of the country can expect gas prices to go up. Gas prices typically increase in the summer months, but when you start messing with the supply, you can anticipate an even bigger price increase.
Obama Promises a Solution
President Obama promises Americans that we will get through this catastrophe. No doubt we will get through it, but we have no idea how much it is going to cost us. If the oil spill has left you in a financial sticky spot, unemployed, or just unable to put gas in your car, online payday loans are a quick, easy way to wipe away those financial troubles and get instant cash.