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Obama: ‘Deeply frustrated’ by oil spill response

05/14/2010 11:44 am 0 comments

Source: MSNBC.com

Washington – President Barack Obama on Friday angrily decried the “ridiculous spectacle” of oil industry officials pointing fingers of blame for the catastrophic spill in the Gulf of Mexico and said the accident could bring devastation to the region and its economy.

The president also pledged to end a “cozy relationship” between the oil industry and federal regulators that he said had existed for years and into his own administration.

“I did not appreciate what I considered to be a ridiculous spectacle during the congressional hearings,” Obama said in remarks at the White House following a meeting with top officials about the spill. He said there was enough responsibility to go around and all parties should be willing to accept it, including the government.

On Tuesday, executives of the three companies involved in the disaster — BP, Transocean and Halliburton — testified before senators and were quick to lay blame elsewhere.

To read this article in its entirety visit MSNBC.com.

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