There have been two large scale oil spills over the past 4 decades in the Gulf of Mexico. The Ixtoc I spill in 1979 off the coast of Carmen, Mexico released 3.5 million barrels of crude oil into the Gulf, and...
The Deepwater Horizon oil spill spanned 87 days during which approximately 4 million barrels of crude oil were released into the northern Gulf of Mexico; making it the largest marine oil spill in U.S. history. British Petroleum soon after committed $500...