NEW ORLEANS: The Gulf of Mexico should largely recover from BP's oil spill by the end of next year , and all final settlement offers to victims who lost revenue from the disaster will be based on that assessment, the administrator of the $20 billion compensation fund said Wednesday.
Attorney Kenneth Feinberg said the Gulf Coast Claims Facility relied on experts to determine that a 30 percent recovery is likely in 2011 with full recovery in 2012. He notes, however, that oyster harvesting will take longer.
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