May 27, 2010 2:46 PM by Letitia Walker
WASHINGTON (AP) - President Barack Obama says he was wrong to
believe oil companies were prepared to deal with a worst-case
At a news conference Thursday, Obama defended his call for an
expansion of offshore drilling, a policy he announced not long
before the disastrous spill in the Gulf of Mexico. He says domestic
oil production is necessary to meet the nation's energy needs.
The president says his mistake was believing "the oil companies
had their act together when it came to worst case scenarios."
"I was wrong," Obama says.
Obama says that was partly because there hadn't been a major
spill recently to show that claims of fail-safe procedures needed
to be re-examined.
2 hours ago