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 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