The paper of record largely supported Obama's address, including his supposed humbling BP with a $20 billion escrow fund for claims, saying in an editorial headlined, "From the Oval Office" that:
"Americans have been anxiously waiting for President Obama to take full charge of the gulf oil catastrophe," and he did by "vow(ing) to 'fight this spill with everything we've got for as long as it takes' and declared that 'we will make BP pay for the damage their company has caused.' "
Agreeing that follow through is essential "with more energy and dedication than they have shown so far," and that his speech "was short on specifics and devoid of self-criticism," The Times was hopeful that "Obama was right when he predicted that in 'coming weeks and days,' up to 90 per cent of the oil leaking....will be captured and the well finally capped by this summer" - a virtual impossibility for either to happen, something the "newspaper of record" should know and report.
The Times also endorsed the Senate's "long-stalled comprehensive energy and climate bill, a necessary first step to reducing this country's dependence on fossil fuels and tackling the problem of global warming," when, in fact, it's a scheme to raise energy prices and create a huge new bubble through carbon trading derivatives speculation, and has nothing to do with the environment except increase pollution.
Yet the editorial says "Time is quickly running out for Congress to act before the midterm elections. There is no chance at all (for passage) unless Mr. Obama takes full charge of that fight as well," typical irresponsible misinformation, backing powerful corporate interests, a longstanding Times tradition, why nothing it reports can be believed in editorials or news coverage, why most of what it publishes isn't "fit to print" or read, for sure not believe.
Gulf Gas Bubble Danger Alert
On June 14, author Richard C. Hoagland, citing insider BP and US government sources, told the BBC that "a gas bubble approximately 15 - 20 miles across 10+ feet high near (BP's) well head....had formed that that it may cause a massive explosion within weeks or months."
He said the pressure is enormous, around 100,000 pounds per square inch, so if it happens it will be an underwater volcanic eruption, creating a huge tsunami, traveling at 400 - 600 miles per hour, sinking all vessels in its path, besides causing vast shoreline damage and deaths, driving up oil prices, and spreading hazardous dispersants and gasses well inland.