BP chief executive Tony Hayward, left, listens to chairman Carl-Henric Svanberg speak outside the White House. Photograph: Brendan Smialowski/Getty
It may have taken 57 days since the start of the disastrous Gulf oil spill, but for Barack Obama and BP today's events may mark the "inflection point" – to use current White House jargon – in their twin battles to convince the American public the crisis is being managed with competence.
Like it or not, BP and Obama are joined at the hip over the Gulf oil spill. Right now, neither can really succeed without support of the other. The only surprise is that the two groups left it this long to get together and discuss their shared interest in the White House's Roosevelt Room.
Although oil continues to spew in vast quantities into the Gulf of Mexico from the Deepwater Horizon rig's shattered well, today's meeting between the administration and BP executives injected a fresh tone of assurance, that the victims of the spill would be compensated for their loses and that both BP and the US government grasped the scale of the task facing them.
So what changed today? The sight and sound of the major actors, President Obama and BP chairman Carl-Henric Svanberg, talking openly about the plans for compensation and damages – including a new, independently administered $20bn fund paid for by BP – as well as the suffering being keenly felt in the Gulf of Mexico.
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