The fact that he had to make the speech is to prepare us for a very, very, bad situation.
It appears that the leak cannot be capped, as the below sea bed level drill hole is now disintegrating and the blow out protector is tipping over Web Link
This could mean a complete blow out, and it will take months to drill relief wells, that may not even work.
It is not clear what the military can do at this point. Using a nuke would collapse the sea bed and would release all the gas and oil at one time, then we would have a massive problem plus radioactive oil circulating the Gulf for a long, long time.
It would be helpful to know how much oil BP believes is down there, it must be in the multi billions of barrels---otherwise they would not bother.
The situation is like a major volcano or an asteroid hit-- potentially.
It is not Obamas fault, nor BPs but we have lots of oil in shallower waters that do not present such risk-- why do we not we drill there?----
Ask the lobbyists