The Gulf area was the largest new discovery of oil recently and its new online production has held pump prices down of petrol in America. Now that it is now out of bounds you will see those prices rise fast hitting every American with there big gas guzzlers firmly in the pocket.

So which is it going to be, higher prices for years to come and dependance on the Arab states for supply, or the once in 30 years of oil spills. My betting is that America will bleed BP dry, an American oil company will do a stock market raid on BP buying it for peanuts and then miraculously the Gulf area will be reopened for business as usual, with leasons learned from this spill.

Good business for America especially as it was an American manufactured piece of equipment which caused the initial failure. frown