BP stock prices again fell. By January 2007, the explosion, coupled with a pipeline spill in Alaska and production delays in the Gulf of Mexico, left BP's stock down 4.5% from its position prior to the Texas City explosion. However, by April 2007, stocks had rebounded 13% erasing the 8.3% loss from 2006. Declining oil prices and concerns over oil sustainability also caused shares to fall in value in late 2008. The Deepwater Horizon oil spill in April 2010 initiated a sharp decline in share prices, and BP's shares lost roughly 50% of their value in 50 days. BP's shares reached
Gulf War oil spill 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 also made commandeering oil reserves dangerous for US forces as visibility and movement were inhibited. The immediate reports from Baghdad said that American air strikes had caused a discharge of oil from two tankers. Coalition forces determined the main source of oil to be the Sea Island terminal in Kuwait. On January 26, three US F-117 fighter-bombers destroyed pipelines to prevent