20 Rigs Missing In Gulf Of Mexico

[FTBagain]

Spoke to a nighbour about it all this morning and she said "I never really notice petrol prices I just pay it" 

They will when it goes sailing £1.00 a litre heading to £1.20 or more! It costs £35 to £45 to fill up an Escort sized car, at the moment but it will get to £60 or £70 in the not too distant future. Then they'll notice.

People notice change, the bigger the change the more they notice it and this is goning to be a big change.

Government news management has kicked in again to stop panic buying, the erosion of consumer confidence and the like. Waited around for the biz news on BBC R4's Today this morning and no mention of any of it.

I think a lot of it is because the immediate news is rather more pressing and news worthy. After all, it is not often a US government is found unable to look after its' own people.

Once all that dies down and the oil companies start reporting their damages then the business news will start to hit the front pages. The news coverage is following the usual pattern. Crisis first, fall out second.

[FernandoMorientes]

You bunch of drama queens - the BBC says "Experts believe the impact will be short-lived and will not tip the country [uSA] into recession. Growth of 3.5% to 4% is still expected this year." So there's no need to worry

"The Federal Emergency Management Agency lists a hurricane strike on New Orleans as one of the most dire threats to the nation, up there with a large earthquake in California or a terrorist attack on New York City"

I would say with Americas current debt mountain there will be considerable worry this is no case of drama queens this event will have economic as well as tragic impact.