Furious Obama pulls up oil giant BP for wasteful advertising, shareholder doles

Gulf of Mexico (US), June 5 (ANI): US President Barack Obam has ripped the British oil giant, British Petroleum (BP), for blowing cash on advertising and dividends for shareholders.

"What I don't want to hear is when they're spending that kind of money on their shareholders and spending that kind of money on TV advertising that they're nickeling and diming fishermen or small businesses here in the Gulf who are having a hard time," the New York Daily News quoted a furious Obama, as saying.

He added he was furious over the situation that is "imperiling" the Gulf Coast for several years to come.

Obama made his third trip to the Louisiana coast Friday since the April 20 offshore rig explosion that killed 11 workers and ignited the worst oil spill in U.S. history.

Obama sounded upbeat, citing progress in BP's effort to combat the spill it started, but cautioned it's "way too early to be optimistic."

The visit comes as BP frantically tried to fit a cap over the gushing oil well. (ANI)