Home > Current Events > Obama In Oil Spill Speech Vows To Make BP Pay

Obama In Oil Spill Speech Vows To Make BP Pay

In his first address to the American people from the Oval Office, President Obama vowed to make BP pay damages upwards to the amount of $20 billion in a compensation fund that would act as a relief for the people of the Gulf coast. The speech came at a time in which many in the Gulf and around the country are calling out for an answer to the suffering that is taking place in the gulf and were hoping that the President would be able to answer this call. It’s been over 8 weeks since the oil spill occurred and millions of gallons of oil have gushed into the ocean, which BP has been unable to stop. President Obama took the airways to speak to the American people about what is currently being done and much of what he had to say left some still wanting more solutions.

President Obama has been criticized as of late for his handling of the oil spill situation in the Gulf and this speech to the country was his chance to clear the air about what was going on and could still be done. “We will fight this spill with everything we’ve got for as long as it takes” the President went on to say. He also announced that that he was setting up long-term restoration programs that would help protect the environment in the coastal states. This would be funded by BP and handled by an independent third party. However, many were still frustrated with the President’s speech arguing that he presented no real solutions to actually stopping the leak and helping the gulf long. This is not to mention that he lacked to mention the future of energy in this country and what this spill meant for the country’s oil dependency.

The $20 billion compensation fund that is being paid out by BP is a start to solutions in this country, but many feel that the President still has a long way to go before the stain of this disaster is truly cleaned up.

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