Obama Announces New Steps to Deal with Aftermath of Oil Spill

(28 May 10 - RV) As BP laboured for a second day yesterday to choke off the leak at the bottom of the Gulf of Mexico, new government estimates showed the disaster has easily eclipsed the Exxon Valdez as the biggest oil spill in U.S. history.


BP chief operating officer Doug Suttles said it's too early to judge the success of the 'top kill' operation.


US President Barack Obama announced a series of new steps to deal with the aftermath of the spill, including continuing a moratorium on drilling permits for six months. Obama made the announcements during a press conference yesterday in which he attempted to convey that his administration is in control of the repair and relief efforts in the Gulf, after critics began to claim that the administration had been slow to act and had left BP in charge of plugging the leak.


We spoke with the Managing Director of Capital Alpha Partners, James Lucier, who specializes in energy and environmental policy…