Gulf Oil Spill: Sending Beach House Renters to Texas?


Could the massive oil spill in the Gulf of Mexico boost Texas coastal real estate? The damaged BP rig in the Gulf of Mexico is gushing thousands of barrels a day, which could hit Florida's Gulf Coast just in time for Memorial Day, one of northwest Florida's busiest holidays.

Florida Gov. Charlie Crist extended a state of emergency to a handful of coastal counties. Meanwhile developers of the state's "designer beaches" on the "Emerald Coast" known for it's sparkling-clean waters and white-sand beaches, have made major cleanup plans.

BP cleanup crews already have canvassed the beaches and are standing by in case the mess washes ashore.