No one seems to have any real idea of how to stop the massive oil well blowout in the Gulf.
Remember, IT IS NOT A LEAK!! It's a massive failure. An entire Deepsea Rig BLEW UP. ELEVEN people DIED! Now it's a disaster that might just rival CHERNOBYL!! An entire ecosystem might be destroyed for the foreseeable future. In addition, the Gulf Coast is a "nursery" for many different fish and birds.
We have no real idea of the ramifications of this mess.
No wonder EVERYONE seems to be downplaying it -- all the different "news outlets", the Gov't, the corporations, even the "Environmental Watchdogs" (you know, those folks who take BP's money).
This mess might be one of the worst disasters of all time.
Our oligarchs, our leaders, really do not want us to know how bad it really is -- we might ALL get seriously pissed off.
Q1 GDP Tracking: Near Zero Growth
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From BofA:
Since our last publication, our *1Q GDP tracking has remained unchanged at
0.4% q/q saar*. [Apr 11th estimate]
emphasis added
From Goldman:
...
2 hours ago
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