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Obama speaks to risks of deepwater oil drilling
Posted: May 26, 2010 10:42 AM
Updated: May 26, 2010 10:42 AM
FREMONT, Calif. (AP) President Barack Obama says the kind of deepwater oil drilling that was done by the rig that exploded in the Gulf of Mexico is risky and costly to do, and the country won't be able to sustain that kind of fossil fuel use.
Obama didn't say he would oppose deepwater drilling. But he said that when companies have to go down a mile to hit the seabed and then drill another mile to find oil, it increases costs and risks.
The president said there was no guarantee that BP's next attempt to stop the devastating, month-old leak would be successful, but if not, other approaches would be tried.
Obama spoke Wednesday to workers at a solar panel plant in Northern California and said the spill underscored the need for alternative energy sources.
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