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
Oil spill governance in the United States oil spill in the Gulf of Mexico suggest more can and should have been done in this area. Evidence of this fact is present in the recommendations and investigations present in the January 2011 report by the recently established National Oil Spill Commission. A further sign of lack of proper governance is implicit in the action of the federal government to rename and reform the Minerals Management Service (MMS) into the now Bureau of Ocean Energy Management, Regulation and Enforcement. The 1989 "Exxon Valdez" oil spill served as a major focal point in oil spill governance and reform. Prior to