The Baleen Whales’ Saving Grace: The Introduction of Petroleum Based Products in the Market and Its Impact on the Whaling Industry

This paper presents empirical evidence which indicates that the introduction of petroleum based products on the American markets was a significant factor in reducing the demand for whale oil. As a result, the whaling industry, America’s 5th largest industry at the time, soon collapsed. A counterfact...

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Main Authors:	Henry F. Check, John McCollough
Format:	Article
Language:	English
Published:	MDPI AG 2010-09-01
Series:	Sustainability
Subjects:	sustainable yield whaling sperm whales baleen whales
Online Access:	http://www.mdpi.com/2071-1050/2/10/3142/

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spelling	doaj-db883ba98fb44c11ad95603e1b6960ea2020-11-24T21:09:46ZengMDPI AGSustainability2071-10502010-09-012103142315710.3390/su2103142The Baleen Whales’ Saving Grace: The Introduction of Petroleum Based Products in the Market and Its Impact on the Whaling IndustryHenry F. CheckJohn McColloughThis paper presents empirical evidence which indicates that the introduction of petroleum based products on the American markets was a significant factor in reducing the demand for whale oil. As a result, the whaling industry, America’s 5th largest industry at the time, soon collapsed. A counterfactual study is then presented which suggests that if the introduction of petroleum based products had been delayed, then the increase in demand as a result of rising GDP per capita, as well as rapid industrialization, would have given whalers incentive to continue chasing after a diminishing whale population. This could have resulted in the baleen whale population being subject to unsustainable harvest levels. http://www.mdpi.com/2071-1050/2/10/3142/sustainable yieldwhalingsperm whalesbaleen whales
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Henry F. Check John McCollough
spellingShingle	Henry F. Check John McCollough The Baleen Whales’ Saving Grace: The Introduction of Petroleum Based Products in the Market and Its Impact on the Whaling Industry Sustainability sustainable yield whaling sperm whales baleen whales
author_facet	Henry F. Check John McCollough
author_sort	Henry F. Check
title	The Baleen Whales’ Saving Grace: The Introduction of Petroleum Based Products in the Market and Its Impact on the Whaling Industry
title_short	The Baleen Whales’ Saving Grace: The Introduction of Petroleum Based Products in the Market and Its Impact on the Whaling Industry
title_full	The Baleen Whales’ Saving Grace: The Introduction of Petroleum Based Products in the Market and Its Impact on the Whaling Industry
title_fullStr	The Baleen Whales’ Saving Grace: The Introduction of Petroleum Based Products in the Market and Its Impact on the Whaling Industry
title_full_unstemmed	The Baleen Whales’ Saving Grace: The Introduction of Petroleum Based Products in the Market and Its Impact on the Whaling Industry
title_sort	baleen whales’ saving grace: the introduction of petroleum based products in the market and its impact on the whaling industry
publisher	MDPI AG
series	Sustainability
issn	2071-1050
publishDate	2010-09-01
description	This paper presents empirical evidence which indicates that the introduction of petroleum based products on the American markets was a significant factor in reducing the demand for whale oil. As a result, the whaling industry, America’s 5th largest industry at the time, soon collapsed. A counterfactual study is then presented which suggests that if the introduction of petroleum based products had been delayed, then the increase in demand as a result of rising GDP per capita, as well as rapid industrialization, would have given whalers incentive to continue chasing after a diminishing whale population. This could have resulted in the baleen whale population being subject to unsustainable harvest levels.
topic	sustainable yield whaling sperm whales baleen whales
url	http://www.mdpi.com/2071-1050/2/10/3142/
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The Baleen Whales’ Saving Grace: The Introduction of Petroleum Based Products in the Market and Its Impact on the Whaling Industry

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