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President Obama vowed last night to end the oil industry’s “cosy relationship” with federal regulators, castigating industry executives for creating a “ridiculous spectacle” after they attempted to blame one another for the Gulf of Mexico spill.
He admitted that the Government shared responsibility for the disaster but expressed frustration at the industry’s failure to do the same during hearings on Capitol Hill this week. “I did not appreciate what I considered to be a ridiculous spectacle during the congressional hearings,” he said last night.