Reactions to the Deepwater Horizon oil spill Reactions to the Deepwater Horizon oil spill Reactions to the "Deepwater Horizon" oil spill from various officials and interested parties ranged from blame and outrage at the damage caused by the spill, to calls for greater accountability on the part of the U.S. government and BP, including new legislation dealing with preventative security and clean-up improvements. On 30 April 2010, President Barack Obama ordered the federal government to delay issuing new offshore drilling leases until a thorough review determined whether more safety systems were needed and authorized teams to investigate 29 oil rigs in the Gulf in an effort to
Economic effects of the Deepwater Horizon oil spill the total liability could amount to as much as by the conclusion of the disaster. Financial analysts commented that BP was capable of addressing the potential liabilities that might result, and BP stock rose slightly on the news that the initial compensation fund had been agreed. On 5 July 2010, BP reported that its own expenditures on the oil spill had reached $3.12 billion, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs. As of 1 October 2010, BP has spent $11.2 billion. As of March 2012, BP