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
Morris J. Berman oil spill response efforts could be improved. Several, though not all, of the things learned during this spill affected response efforts for future spills such as the BP Oil Spill in the Gulf of Mexico in 2010. Morris J. Berman oil spill The Morris J. Berman oil spill occurred on January 7, 1994, when the "Morris J. Berman", a single-hull 302-foot-long barge, with the capacity to carry more than 3 million gallons of oil, collided with a coral reef near San Juan, Puerto Rico, causing the release of 750,000 gallons of heavy grade oil. The spill affected the tourism and fishing industries