May 15, 2010 9:24 AM

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BP Oil spill: Obama raps industry

US President Barack Obama is angrily blasting oil industry officials, who he says, are failing to accept blame for the massive oil spill into the Gulf of Mexico. The President says all parties need to take responsibility including the government. Mr. Obama says he is angry and frustrated by oil executives' response to the catastrophic spill after a BP oil rig blew up last month off the Louisiana coast. In the White House Rose Garden, the President told reporters the finger-pointing needs to stop. Mr. Obama said some of the blame extends into his own administration. He said he will force the Government regulators to make it tougher for oil companies to get drilling permits. Mr. Obama admitted that there is uncertainty about exactly how much oil is being spilled. He said the Government efforts have been geared toward the possibility of a catastrophic event. The president said the system failed and failed badly and everyone involved bears the responsibility for fixing it.

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