The blocking off of drilling affected thousands of Gulf Coast jobs. As bad as the oil spill is, the side effect of stopping offshore drilling to get regulators back in lockstep was nearly as damaging for the region’s economy. When the new regulations are put into place as soon as Tuesday, expect new rules on shallow water oil and gas drilling. Also, the White House is considering canning the liability cap on oil spills, because, well, hey, BP can afford to pay for the mess. source
He has to keep busy while Lil’ Wayne’s in jail, right? Word on the street is that Birdman, a.k.a. Bryan Williams, is getting in the oil business with his brother and Cash Money Records co-founder Ronald “Slim” Williams. They have a Web site and everything. It’s called Bronald Oil & Gas. Wonder how they came up with the name. source