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
Economic effects of the Deepwater Horizon oil spill approximately $23 billion, in a region that supports over 400,000 travel industry jobs generating $34 billion in revenue annually. On 1 November, BP announced plans to spend $78 million to help Louisiana tourism and test and advertise seafood. The real estate prices and a number of transactions in the Gulf of Mexico area decreased significantly during the period of the oil spill. As a result, area officials wanted the state legislature to allow property tax to be paid based on current market value, which according to Florida State Rep. Dave Murzin could mean millions of dollars in losses for each