FROM Edward Overton
The Oil Spill and the Oil Economy After a meeting with Congressional leaders today, President Obama said the first order of business was the Gulf oil spill. Given the oil industry's power and importance, what are the chances that new laws and regulations will be approved and implemented?
The Oil Spill and the Oil Economy President Obama today called the response to the Gulf oil spill the biggest thing of its kind in American history. But what about advance preparation? The Associated Press has found that BP’s disaster plan for the Deepwater Horizon rig was approved last year despite stunning errors, omissions and miscalculations. At the same time, there’s concern over what the President’s moratorium on deep-water exploration will mean to the Gulf Coast economy. Given the oil industry’s power and importance, what are the chances that new laws and regulations will be approved and implemented?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.