21st-century fossil fuel regulations in the United States spill has been the Deepwater Horizon spill of 2010. With the exception of Kalamazoo River (2010), all other major spills have occurred around the Gulf of Mexico. In May 2010, the United States Department of the Interior called for an end to drilling in the area of the Deepwater Horizon spill. Despite pushback from oil companies and states, the Supreme Court ruled to keep the moratorium in place until October 2010. BP agreed to financial compensation for the damage they caused, including payouts to the Deepwater Horizon Oil Spill Trust. Regulations drafted after the accident required oil companies to update
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