Finally, drilling is going to begin off the coast of Florida, where there are an estimated 20 billion barrels of oil. The US will be responsible for inspecting the oil rig and will be forced to bear the brunt of any oil spill since the currents would take the oil directly into the Florida coastline.Some may argue, and have effectively, that just sixty miles off the coast is too close for comfort. The counter argument is that this oil can be used to reduce our dependence on foreign oil and would create both jobs and prosperity in the coastal regions-along with new taxes that the revenue will bring.But wait a second. Did I forget to mention that none of these jobs will go to US citizens and the oil will probably be sent to China or Venezuela? And, did I forget to mention that the oil rig is built by China and the project is being run by a Spanish company? Did I also forget to mention that the country who will benefit from the oil just sixty miles off of Key West is Cuba ?Cuba is 90 miles...
Historian Douglas Brinkley how Obama's image has been damaged by the oil spill in the Gulf of Mexico.
We break down the contributing factors to the 'flash crash'
BP engineers achieved some success from keeping oil from ruptured well from gushing into the Gulf.
FBN’s Ashley Webster on who will be facing Congress’ anger and AIG’s push to sell assets.
Historian Douglas Brinkley on the oil giant's safety record leading up to the oil spill in the Gulf of Mexico.
Oil industry expert Jeff Parker and Dean Blanchard of Seafood Inc. on the growing impact of the spill whether it will make its way around Florida .