I think for better or worse, Obama in his press conference pretty much says that this has been the Fed's call from day 1:ASUG8 wrote:SCBH:
CNN's online writing and scrawl on TV at lunch left the interpretation of "Coast Guard authorization" open to interpretation a bit. It kind of implied that they had to sign off on the decision for BP to take action.
BP certainly isn't inspiring any positive vibes about being willing to do the right thing. They appear to be making it look like they're only concerned about fixing the problem, but they may very well have been attempting to preserve their investment for as long as possible. With the BP issue and the Valdez I have zero faith in the oil industry to do the right thing first.
http://news.blogs.cnn.com/2010/05/27/ob ... er/?hpt=T1" onclick="window.open(this.href);return false;
Obama, speaking at a White House news conference, says BP is operating under government supervision and must consult administration before undertaking any measures.
"Those who think we were slow" in responding to the Gulf oil spill "don't know the facts," the president says.
Obama says the federal government has been involved in decision-making since Day One of the crisis: "This notion that somehow the federal government is sitting on the sideline for the last three or four or five weeks, we've just been letting BP make a whole bunch of decisions, is simply not true."
The president asserts that if "BP's contractors are not moving as nimbly or effectively as they need to be, then it is already the power of the federal government to redirect those resources."