The Simple Solution To the Oil Spill
May 24, 2010
One can't help but wonder why if the political posturing about the oil spill isn't more important to all involved than finding an actual answer to the problem. Already being compared the Katrina and the Obama Administration being compared to the Bush Admistration and its response to the Katrina Hurricane response, things don't look good at 1600 Pennsylvannia.
The Obama (a Democrat) Administration says it’s going to take over
the clean up of the Gulf oil spill if BP doesn't do something about it quickly. Louisiana Governor Bobby Jindal (a Republican and likely candidate for President in 2012)says the state is not waiting on the Feds
anymore and they’re doing their own clean up.
Maybe instead of making this into a political chess match and making it the first battle of the 2012 Presidential election, perhaps they need to call these guys who have a pretty good answer to clean up problem.
Or maybe that's too simple?
Meanwhile the Nikkei is Japan closed modestly lower overnight, the STOXX 50 in Europe is down more than 1% this morning.
The dollar continues to show strength against he Euro, but so far that has not been pressuring agriculture commodity prices.