Drill, baby, drill be tapped into." Republicans continued to use the slogan after the 2008 election. In 2010, however, the slogan received renewed attention because of the "Deepwater Horizon" oil spill, a major oil spill at a BP offshore drilling rig in the Gulf of Mexico. The spill caused extensive environmental damages and economic losses estimated in the billions of dollars. As a result, some proponents of "Drill, baby, drill" became embarrassed about their previous support. The slogan was parodied as "Spill, baby, spill", and "Kill, baby, Kill". Two senior Republican Senators, Jon Kyl and Pat Roberts, made comments attempting to distance themselves
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