Over-reaction to BP Gulf spill costing U.S. jobs

August 16, 2011

U.S. oil regulators may have swung from gung-ho to too cautious. Painfully slow drilling approvals mean America could be missing out on 230,000 jobs -- and tax revenue, too. Safety matters. But with unemployment and the deficit top national concerns, red tape should be kept in check.

BP bigger blow to confidence than euro debt crisis

By Rob Cox
June 16, 2010

Forget Greece -- the biggest blow to global investor confidence right now lies 5,000 feet below the waters of the Gulf of Mexico.