President Bush also predicted that the enactment of the OPA could lead to larger oil shipping companies being replaced by the smaller shipping companies to avoid liability. In particular, smaller companies with limited resources would lack the finances to remediate oil spill disasters. Not just the oil industry, but also the vessel owners and operators would be held liable for an oil spill, facing a significant increase in financial responsibility. The OPA's liability increase for vessel owners raised fears and concerns from the vast majority of the shipping industry. Vessel owners objected that additional oil spill penalties imposed by the states are free from OPA limitations of the Limitation of Liability Act of 1851. Ultimately, the threat of unlimited liability under the OPA and other state statutes has led countless oil shipping companies to reduce oil trade to and from the ports of the United States.