Loop Current Loop Current A parent to the Florida Current, the Loop Current is a warm ocean current that flows northward between Cuba and the Yucatán Peninsula, moves north into the Gulf of Mexico, loops east and south before exiting to the east through the Florida Straits and joining the Gulf Stream. The Loop Current is an extension of the of the western boundary current of the North Atlantic subtropical gyre. Serving as the dominant circulation feature in the Eastern Gulf of Mexico, the Loop Currents transports between 23 and 27 sverdrups and reaches maximum flow speeds of from 1.5 to 1.8
Atlantic Ocean development and economy of surrounding countries. Besides major transatlantic transportation and communication routes, the Atlantic offers abundant petroleum deposits in the sedimentary rocks of the continental shelves. The Atlantic harbors petroleum and gas fields, fish, marine mammals (seals and whales), sand and gravel aggregates, placer deposits, polymetallic nodules, and precious stones. Gold deposits are a mile or two under water on the ocean floor, however the deposits are also encased in rock that must be mined through. Currently, there is no cost-effective way to mine or extract gold from the ocean to make a profit. Various international treaties attempt to