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May 27, 2010 2:46 PM by Letitia Walker

Obama: "I was wrong"

WASHINGTON (AP) - President Barack Obama says he was wrong to

believe oil companies were prepared to deal with a worst-case

offshore spill.

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.

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