(CNN) - CNN's Larry King sat down with President Barack Obama Thursday for an interview airing at 9 p.m. ET.
– Obama said that Israel "has legitimate security concerns" in Gaza, but the Israeli blockade "is preventing people" from pursuing economic opportunities. This week's incident regarding the flotilla is a "tragic situation," he said. We need to "use [it] as an opportunity" to advance the Middle East peace process.
– Obama criticized Arizona's immigration law, warning that, among other things, it
could lead to "50 different laws in 50 different states." Border security is a federal concern.
– Obama said it would be a "wonderful story" if NBA star LeBron James stays in Cleveland, but he needs a team and coach "that he respects." James is a "wonderful young man" and an
"amazing talent," he said.
– Obama said he still supports off-shore oil drilling "if it can be done safely."
– Obama said that the situation in the Gulf of Mexico "is an unprecedented oil spill." But "it could have been even worse" if the federal government hadn't reacted quickly.
– Obama said that "BP caused this spill ... [and] they're responsible" for paying the costs. "My job is to make sure they're being held accountable," he said. But BP has the "best equipment" to stop the spill.
– Obama said he is "furious at this entire situation" in the Gulf of Mexico because "somebody didn't think through the consequences of their actions." Obama said he has not seen enough of a rapid response from BP.
– Obama said that the government was not extending a moratorium on deep-water oil drilling to shallow-water wells.
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