Leaving the Oil and Gas Industry's alone, Republicans can't wait to blame Obama for what inevitably will happen.

The Republicans have been doing everything they can to return to the same careless economic house of cards they had before, under Bush, the same one that collapsed and wiped out 8 million jobs.  

I came across this great piece at Lost Continents: 

The Oil and Gas Journal reports that the government agency responsible for keeping track of oil and gas reserves among other things is having its activities curtailed due to budget cutbacks. The reductions are part of Congress’s latest continuing resolution that was signed into law by US President Barack Obama on Apr. 15: 

"In addition to not preparing the annual oil and gas reserves data survey, the agency said it will be necessary to curtail efforts to understand linkages between physical energy markets and financial trading; suspend analysis and reporting on the market impacts of planned refinery outages; suspend collection and dissemination of monthly state-level data on wholesale petroleum product prices including gasoline, diesel, heating oil, propane, residual fuel oil, and kerosine; and halt preparation and publication of the annual petroleum marketing data report and the fuel oil and kerosene sales report. "

This is breathtaking in the depths of its shortsightedness and stupidity. 

So what else is new for conservative economics?