Gulf of Mexico BP reached an $18.7bn settlement with the US government, the states of Alabama, Florida, Louisiana, Mississippi and Texas, as well as 400 local authorities. To date BP's cost for the clean-up, environmental and economic damages and penalties has reached $54bn. According to the National Response Center, the oil industry has thousands of minor accidents in the Gulf of Mexico every year. On May 12, 2016, a release of oil from subsea infrastructure on Shell's "Brutus" oil rig released 2,100 barrels of oil. This leak created a visible 2 mile by 13 mile oil slick in the sea about 97 miles
Gulf of Mexico origin for the Gulf of Mexico at the close of the Permian, which could have caused the Permian–Triassic extinction event. However, Gulf Coast geologists do not regard this hypothesis as having any credibility. Instead they overwhelmingly accept plate tectonics, not an asteroid impact, as having created the Gulf of Mexico as illustrated by papers authored by Kevin Mickus and others. This hypothesis is not to be confused with the Chicxulub Crater, a large impact crater on the coast of the Gulf of Mexico on the Yucatán Peninsula. Increasingly, the Gulf of Mexico is regarded as a backarc basin behind the