BP stock prices again fell. By January 2007, the explosion, coupled with a pipeline spill in Alaska and production delays in the Gulf of Mexico, left BP's stock down 4.5% from its position prior to the Texas City explosion. However, by April 2007, stocks had rebounded 13% erasing the 8.3% loss from 2006. Declining oil prices and concerns over oil sustainability also caused shares to fall in value in late 2008. The Deepwater Horizon oil spill in April 2010 initiated a sharp decline in share prices, and BP's shares lost roughly 50% of their value in 50 days. BP's shares reached
Oil spill volume is a limited measure of damage or impact. Smaller spills have already proven to have a great impact on ecosystems, such as the "Exxon Valdez" oil spill because of the remoteness of the site or the difficulty of an emergency environmental response. Since 2004, between 300 and 700 barrels of oil per day have been leaking from the site of an oil-production platform 12 miles off the Louisiana coast which sank in the aftermath of Hurricane Ivan. The oil spill, which officials estimate could continue throughout the 21st century, will eventually overtake the 2010 BP Deepwater Horizion disaster as