Offshore oil and gas in the Gulf of Mexico (United States) and part of offshore Alabama, since 1995. In March 2010, President Barack Obama announced plans to allow drilling in the eastern Gulf of Mexico, in federal waters greater than from the coasts of Alabama and Florida. In December 2010, following the "Deepwater Horizon" oil spill, the Obama administration reversed its plans to open the eastern Gulf, and imposed a moratorium on new drilling in the eastern Gulf of Mexico for at least seven years. The "Deepwater Horizon" oil spill (also referred to as the BP oil spill, the BP oil disaster, the Gulf of Mexico oil spill, and the Macondo
Deepwater Horizon oil spill 318,000 Louisiana residents (17% of all jobs in the state). NOAA had closed , or approximately 36% of Federal waters in the Gulf of Mexico, for commercial fishing causing $2.5 billion cost for the fishing industry. The U.S. Travel Association estimated that the economic impact of the oil spill on tourism across the Gulf Coast over a three-year period could exceed approximately $23 billion, in a region that supports over 400,000 travel industry jobs generating $34 billion in revenue annually. On 30 April 2010, President Barack Obama ordered the federal government to hold the issuing of new offshore drilling leases