Volume and extent of the Deepwater Horizon oil spill Gulf Coast that prevented vessels from coming within "of booming operations, boom, or oil spill response operations". In a press briefing, USCG admiral Thad Allen said the new regulation was related to safety issues. On CNN's "360", host Anderson Cooper rejected the motivation for the restrictions outright. The Civil Air Patrol also monitored the spill on behalf of the USCG. 27 May 2010 Volume and extent of the Deepwater Horizon oil spill The "Deepwater Horizon" oil spill was discovered on the afternoon of 22 April 2010 when a large oil slick began to spread at the former rig site. According
Deepwater Horizon oil spill pension fund managers (who have large holdings of BP shares and rely upon its dividends) accepted that while BP had to pay compensation for the spill and the environmental damage, they argued that the cost to the company's market value from President Obama's criticism was far outweighing the direct clean-up costs. Initially, BP downplayed the incident; its CEO Tony Hayward called the amount of oil and dispersant "relatively tiny" in comparison with the "very big ocean." Later, he drew an outpouring of criticism when he said that the spill was a disruption to Gulf Coast residents and himself adding, "You