On Friday, President Obama lashed out at executives from BP, Transocean and Halliburton for blaming each other for the oil rig disaster. Executives from the three companies testified before Congress last week.

President Obama: “I know BP has committed to pay for the response effort, and we will hold them to their obligation. I have to say, though, I did not appreciate what I considered to be a ridiculous spectacle during the congressional hearings into this matter. You had executives of BP and Transocean and Halliburton falling over each other to point the finger of blame at somebody else. The American people could not have been impressed with that display, and I certainly wasn’t. I understand that there are legal and financial issues involved, and a full investigation will tell us exactly what happened. But it is pretty clear that the system failed, and it failed badly. And for that, there is enough responsibility to go around.”