This morning on Fox, Stuart Varney suggested a very scary scenario. Holder might very well be on his way to the gulf for more reasons than meetings with state AGs regarding litigation. He suggested that this might be the beginning of a government take-over of the American arm of British Petroleum.
I think Obama has finally realized that this is a true emergency and I’m afraid that he’s going to take advantage of it by taking over BP. Maybe Rahm explained it to him. But this could mean dramatic changes in the American oil industry. And this disaster will mean dramatic changes in oil exploration in this country, even without an Obama take-over.