Why the Gulf oil spill doesn't matter
7 May 2010
By Jeff Siegel.- While environmentalists rally and politicians chase opinion polls, investors are now trying to gauge how BP’s Gulf oil incident will affect energy and climate change legislation.
Let's face it: the only reason Obama dangled that offshore carrot was to lure a few Republicans to a place where some meaningful legislation could be hammered out. But with this latest spill, everything is on hold.
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