President Obama: “I take responsibility. It is my job to make sure that everything is done to shut this down.”

The President also pointed out how the disaster uncovered the very comfortable relationship between the offshore oil industry and those in charge of supervising it.

The oil spill is now in its sixth week; the amount of oil released from the Deepwater Horizon well has now surpassed the amount released during the Exxon-Valdez disaster.

The hesitation of Obama to take the reins of this situation shows his concern with failure. If the U.S. Government takes over the recovery operation… Continue reading →