"Most troubling of all, the government has allowed BP to continue deep-sea production at its Atlantis rig – one of the world's largest oil platforms. Capable of drawing 200,000 barrels a day from the seafloor, Atlantis is located only 150 miles off the coast of Louisiana, in waters nearly 2,000 feet deeper than BP drilled at Deepwater Horizon. According to congressional documents, the platform lacks required engineering certification for as much as 90 percent of its subsea components – a flaw that internal BP documents reveal could lead to 'catastrophic' errors."
If Obama were the sort of guy who would even remotely consider messing with the oil industry, he would not be in the oval office right now.
Similarly if he were the sort of guy who would even remotely consider pulling out of Iraq he would not be in the oval office right now.
It's important to realize how much intrenched power the oil industry has and to what extent it is able to influence policy. Obama will dish out a lot of tough talk and fines to BP, but he won't mess with the industry as a whole by enacting meaningful reforms.