Obama says it clear "top kill" has not worked

CHICAGO, May 29 (BestGrowthStock) – President Barack Obama said on
Saturday that authorities would pursue all “responsible” ways
to plug a leaking oil well in the Gulf of Mexico now that it
was clear that BP’s (BP.L: ) “top kill” attempt had not worked.

“While we initially received optimistic reports about the
(top kill) procedure, it is now clear that it has not worked,”
Obama said in a statement. “Rear Admiral Mary Landry today
directed BP to launch a new procedure whereby the riser pipe
will be cut and a containment structure fitted over the leak.”

He said the new attempt to plug the leak would be difficult
and take several days and that it was not activated until now
because it posed risks and had never been attempted before at
the depth of the BP spill.

Stock Market Advice

(Reporting by Patricia Zengerle; Editing by Peter Cooney)

Obama says it clear “top kill” has not worked