As many of you are aware there is a big oil spill which is still ongoing. The reason I bring this issue up is due to its backfire on our current economy and the overall governmental picture.
What are you talking about JB?
Answer: this could not have come at a worse time
We already have our government regulating our health care system plus other areas and now they are getting into the oil industry.
What's my one liner take on this oil fiasco?
Shut the heck up President Obama, let BP work on fixing this issue, and let's keep moving forward.
The oil companies don't want more rules and regulations to follow. It'll just make it harder and harder for them to drill offshore. Then we'll have China or Russia drilling on a rig and in a few years they'll fire some rockets off the rigs and hit Florida or Texas or some other nearby state. Then what? Shesh...
Granted BP apparently did not have the situation under control, it does NOT mean the government needs to inject more rules and regulations into the oil industry. What higher has prices? Let them make more rules and regs and watch the gas price at the pump go up and up. Who would you then get to blame? Your wonderful (with a bunch of sarcasm there) government folks.