Thursday, March 15, 2012

Obama plans speech, victims fund for Gulf

President Barack Obama demanded that BP set up a compensation fund for the oil-tainted Gulf Coast and prepared for his first Oval Office address to the nation as he tried to get a handle on the environmental disaster threatening to overwhelm his administration.

White House officials announced the steps Sunday as Obama prepared for his fourth visit to the tortured Gulf. They came at a pivotal moment in the catastrophe, with the enormity of the oil spill in sharper focus from more accurate measurements and no end in sight until relief wells are completed in August.

That means the nation must settle in for a long, hot summer of oil and gas spewing relentlessly …

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