The president said the nation will continue to fight the oil spill for "as long as it takes," but he vows that BP will pay for the damage it's caused. He said his administration will do whatever is necessary to help the Gulf Coast and its people recover from the spill.
Obama said officials will make BP pay for all costs associated with cleaning up the oil spill, the nation's worst environmental disaster. He said he would "inform" BP executives during a meeting on Wednesday that the company must set aside whatever resources are required to make whole all local residents and businesses hurt by the spill and to repair the immense ecological damage wrought by the oil.
A government panel of scientists said the undersea well is leaking even more oil than previously thought, as much as 2.52 million gallons a day - or enough to fill the Oval Office more than 22 times. The total spilled so far could be as much as 116 million gallons.
BP has had only modest success so far in stemming the flood of oil, but Obama said that within weeks "these efforts should capture up to 90 percent of the oil leaking out of the well." Later in the summer, he said, the company should finish drilling a relief well to stop the leak completely.
Still, 57 days into the crisis, oil continues to gush from the broken wellhead, millions of gallons a day, and Obama has been powerless to stem the leak. The sad episode has raised doubts about his leadership and his administration's response to the disaster.
- A drill ship resumed siphoning off oil gushing from the blown-out well after a bolt of lightning struck the vessel and ignited a fire that halted containment efforts, the company said. BP PLC spokesman Bill Salvin said the drill ship called the Discoverer Enterprise resumed processing oil Tuesday afternoon, about five hours after the fire caused an emergency shutdown. Engineers on the ship have been siphoning about 630,000 gallons of oil a day through a cap on top of the well. He said there was no damage reported to the containment cap, and the Coast Guard approved BP restarting the system.
- BP said Tuesday it was speeding up payments for large commercial claims. The company said in a statement that it has approved initial payments toward 90 percent of large commercial claims filed as a result of financial losses in the Deepwater Horizon explosion and spill. BP said it approved 337 payments totaling $16 million to businesses that have filed claims larger than $5,000 apiece. Initial payments began over the weekend and will be completed this week, the company said.
The Associated Press contributed to this report.