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
Gulf of Mexico Coast Guard Rear Adm. Sally Brice O'Hare stated that the U.S. government will be "employing booms, skimmers, chemical dispersants and controlled burns" to combat the oil spill. By May 1, 2010, the oil spill cleanup efforts were underway, but hampered by rough seas and the "tea like" consistency of the oil. Cleanup operations were resumed after conditions became favorable. On May 27, 2010, The USGS had revised the estimate of the leak from to 12,000– an increase from earlier estimates. On July 15, 2010, BP announced that the leak stopped for the first time in 88 days. In July 2015