Environmental impact of the Deepwater Horizon oil spill Environmental impact of the Deepwater Horizon oil spill The 2010 "Deepwater Horizon" oil spill in the Gulf of Mexico has been described as the worst environmental disaster in the United States, releasing about of crude oil making it the largest marine oil spill. Both the spill and the cleanup efforts had effects on the environment. The oil spill was called the "worst environmental disaster the US has faced" by White House energy adviser Carol Browner. The spill was by far the largest in US history, almost 20 times greater than the usual estimate of the Exxon Valdez oil spill. Factors
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