Posted by: stiltsville | April 29, 2010

Houston, you have a problem…

Gulf of Mexico Oil Slick Satellite View

When your problem can be seen from space, you’ve got a pretty big problem. Well, the Gulf of Mexico oil industry now has it’s very own Titanic disaster. This explosion/fire/sinking/spill is going to permanently and massively change the oil drilling business in the GoM. Florida Governor Charlie Crist, after flying over the slick, is already having second thoughts about oil drilling off Florida’s coastline. When it turns out that the oil industry has been playing fast-and-loose with the rules, and leaving off backup safety equipment to save $500,000 on a $350,000,000 oil rig, the congressional grilling of Goldman is going to look like a day at the beach.

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