Sunday, June 13, 2010

Obama to Address Nation Tuesday Night on Gulf Oil Spill



President Obama will address the nation Tuesday night to talk about the Gulf of Mexico oil spill. The 8 p.m. ET speech will take place from the White House shortly after the president returns from a trip to the Gulf.

The speech will take place shortly after the president's return from the Gulf region. He will address efforts to contain the spill, the timeline for capturing the oil, the long-term recovery and restoration of the Gulf region and regulatory reform efforts at the Mineral Management Service.

The 10-15 minute speech is expected to note that restoration will continue for some time.

The speech comes as the Obama administration faces criticism for a slow reaction time to the Gulf spill, including the approval for the construction of barriers and assistance to the states. At the same time frustration is growing about the slow pace of the clean-up and BP's inability to stop the flow while the estimates on the leak have grown exponentially.

Details are also trickling out about a BP escrow fund to be established for fishers and trawlers whose livelihoods have been shot as a result of the spill. The administration wants a third-party reclamation process rather than BP managing distribution of funds

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