The climate bill has come and gone. Just two months ago, it seemed as though the bill stood a fighting chance, given the buffet of options available to policymakers.
The Policy Buffet (Part 5): How the Oil Spill Killed the Climate Bill — and Why the Economy Didn’t Help, Either
Last week, in the Gulf of Mexico, the Deepwater Horizon, an oil drilling rig for BP, exploded and sank. This has led to what potentially could be one of the worst oil spills in US history. Currently, oil is leaking at 42,000 gallons per day from a well 50 miles off the coast of Louisiana, and currently there is not indication that the well will be closed in the near future.