Spain's unemployment rate rose nearly a point to 21.29%, with 4.9 million jobless for the first quarter of 2011, the government reported Friday, as the prolonged economic crisis continues to squeeze the nation.Link here.
Sunday, May 1, 2011
Spain's Unemployment: 21% -- Absolutely Incredible -- Nothing To Do With The Bakken
Absolutely nothing to do with the Bakken, but I would hate to see the unemployment numbers if the EPA puts onshore drilling out of business. Unless I'm missing something, the EPA could essentially shut down all drilling in this country. But I'm putting nothing past this administration. With GDP growth at a miserably low 1.8 percent this past quarter, shutting down the domestic oil industry would have to result in negative GDP growth, and higher oil prices almost overnight. But again, perhaps I'm overreacting.
