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
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