The Gulf Coast oil spill continues to wreak havoc and still remains unconfined.
On April 20,2010, an oil rig leased by British Petroleum (BP PLC), exploded in the Gulf of Mexico and killed 11 workers.
President Barack Obama visited Caminada Bay in Grand Isle, Louisiana, on Friday, June 4th, and of his visit said, "this spill has not just damaged livelihoods. It has upended whole communities. And the fury people feel is not just about the money they have lost. It is about the wrenching recognition that this time their lives may never be the same."
President Barack Obama, with Louisiana Gov. Bobby Jindal- New Orleans
While there, Obama met with a group of local residents and small business owners at Camerdelle's Live Bait shop, where people like Floyd Lasseigne (a fourth-generation oyster fisherman), and Terry Vegas (a shrimper), shared similar stories. Obama went on record to further say, "These people work hard. They meet their responsibilities. But now because of a man made catastrophe -- one that is not their fault and beyond their control -- their lives have been thrown into turmoil. It is brutally unfair. And what I told these men and women is that I will stand with the people of the Gulf Coast until they are again made whole."
* Video (President Barack Obama talks to NBC, 2010)
On June 16th, BP agreed to set up a $20 billion escrow fund (over a four-year period), to pay claims stemming from the oil spill, and will contribute $100 million to support jobless oil rig workers. Today, the White House's administration says, "there are more than 20,000 people, 17,500 National Guard troops, and 1,900 vessels," participating in the response to aide, contain and cleanup the oil spill.
Let's hope it works...
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