Gulf Coast Ecosystem Restoration Task Force Gulf Coast Ecosystem Restoration Task Force The Gulf Coast Ecosystem Restoration Task Force is the organization created by President Barack Obama to recover from the 2010 BP "Deepwater Horizon" oil spill and preserve the ecosystem of the Gulf Coast of the United States. On April 20, 2010 the United States watched as over 200 million gallons of crude oil flowed into the Gulf of Mexico from the 2010 BP "Deepwater Horizon" oil spill. For three months various efforts were taken to cap the broken well and were finally successful on September 19, 2010. In the aftermath of this disaster the
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