Gulf War oil spill the adjacent areas. Full recovery of the salt marshes will certainly need some centuries. The "Financial Times", in reference to the April 2010 Deepwater Horizon oil spill in the Gulf of Mexico, cited the 1993 optimistic assessment of the Gulf War oil spill as evidence that "Initial warnings of catastrophic environmental damage from oil spills can turn out to be overdone". Gulf War oil spill The Gulf War oil spill was one of the largest oil spills in history, resulting from the Gulf War in 1991. The apparent strategic goal was to foil a potential landing by US Marines. It
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