"...but on a planet that produces 63 million barrels of oil per day, a few thousand more or less from the Gulf will not much budge the price of oil." So, oil price is not a concern, davieboy?

Just moments ago I watched a press conference from a white house press spokesman that listed the Japan Sunami and oil prices as part of the reasons we have an economic crisis!

    " Q    The stock market took a steep dive today, which I’m sure you saw.  Any reaction to that?

        MR. CARNEY:  Well, no, I don’t have a specific reaction to the market.  Markets go up and down.  We obviously are monitoring the situation in Europe closely.  And there’s no question that we have -- this economy has faced headwinds this year, a variety of them, including the earthquake and tsunami in Japan, the increase in oil prices, energy prices that resulted from the unrest in the Arab world, and the situation in Europe also."

He calls them "headwinds", davie.....so are headwinds, that include rising oil prices,  to be considered or not? It is your post information that suggests otherwise. So shall we go drilling for our own oil and natural gas, davie????

http://www.enewspf.com/latest-news/latest-national/25881-white-house-press-briefing-by-jay-carney-august-4-2011.html

Please consider several items.  Who and how are the crude oil prices actually determined?   Did anyone ever hear of ARAMCO?  What will happen should the stock market go down to say 5,000?

Is Crude oil prices determined by actual supply and demand competitive bidding?

What ever happened to the expression price fixing?  Oil was the arena that many of the elite billionaires play in.  Why, because Crude Oil can be "influenced" and Americans are "hooked" on it.

Do we want to consider the possibility those TEA Party people are doing just exactly what the elite wish, and the working people are about to take it in the lower area without the use of a oil product K-Y.

Obama’s discretionary jobs crisis

Looking for work? EPA plans to send you some company

By John Engler

As he prepared to sign legislation to lift the debt ceiling and address the nation’s debt, President Obama decried the politics that had put America in such economic peril.

“Our economy didn’t need Washington to come along with a manufactured crisis to make things worse,” the president said in Rose Garden remarks Tuesday, again declaring growth and jobs to be priorities.

Yet a “manufactured crisis” seems to be what the Environmental Protection Agency (EPA) is choosing to create with its proposed standards to reduce ozone emissions - the most expensive environmental regulation in U.S. history.

I use the phrase “choosing to create” intentionally. The EPA’s rules are entirely discretionary. Under the Clean Air Act, the EPA reviews air quality on a five-year basis, and it’s not required to revise ozone standards until 2013.

At issue is the EPA’s proposed change to the National Ambient Air Quality Standards (NAAQS) controlling ground-level ozone, a component of smog. Ozone is produced by a wide range of human activity, including construction, transportation, power generation, manufacturing, mining and farming.

These are the sectors America must count on to invest, expand and create the jobs to make serious, continuing reductions in the nation’s 9-plus percent unemployment rate.

Employers in these sectors will also bear heavy compliance costs, estimated by the EPA itself to range anywhere from $20 billion to $90 billion a year. These costs may even be too low because the agency assumes new technology will be invented to reduce the emissions.

Following years of scientific review, public input and legal proceedings, the Bush administration set a new limit of 0.075 parts per million (ppm) in 2008, a reduction from the currently enforced level of 0.084 ppm. Now, before that limit ever went into effect, the EPA is proposing even lower levels, ranging from 0.60 to 0.70 ppm

read more:  http://www.washingtontimes.com/news/2011/aug/4/obamas-discretionary-jobs-crisis/

I blame America's troubles on lawyers from both sides. Most politicians are lawyers. It's been that way a long time. And look what they got us. One totally screwed up country. I don't believe it's a requirement that a candidate be a lawyer. So, it's time to start weeding the jerks out of there.