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
Harte Research Institute for Gulf of Mexico Studies spill that released more than 4.9 million barrels of oil into the Gulf of Mexico between April 20, and July 15, 2010, created a unique opportunity to address many of the long-term issues fundamental to the Gulf’s future sustainability. HRI scientists have and continue to provide leadership in assessing the long-term impacts of the largest accidental marine oil spill in the history of the petroleum industry and are fostering the Gulf’s recovery by helping guide restoration to assure that conservation efforts are effective and long lasting. HRI has already influenced the allocation of billions of dollars toward Gulf restoration and