Obama: More Gulf drilling only if assurances

WASHINGTON, May 22 (BestGrowthStock) – U.S. President Barack Obama
said on Saturday that offshore oil drilling could only go
forward if there were assurances that a disaster like the Gulf
of Mexico oil spill would not happen again.

As Obama officially unveiled a commission to investigate
the accident, he issued a stern message that while keeping
pressure on firms involved in the still-uncapped spill — BP
(BP.L: ), Halliburton (HAL.N: ) and Transocean Ltd (RIG.N: ) — he
would also hold Washington accountable for mending its ways.

With frustration growing and political risks looming over
the spill, Obama announced that former Democratic Senator Bob
Graham and and former Environmental Protection Agency chief
William Reilly would co-chair the bipartisan panel, with six
months to report back to him.

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(Reporting by Matt Spetalnick; Editing by Eric Walsh)

Obama: More Gulf drilling only if assurances