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the gulf has stopped, the country is singing a different tune. singing a different tune. the new york times reports bp executives now warn if congress doesn t pass legislation that lets them begin deep water drilling again, they won t be able to pay the claims. isn t that sweet. here s what they re saying. if we re unable to keep those fields going, that is going to have a substantial impact on our cash flow. that makes it harder for us to fund things, fund these programs. here s another quote from a bp spokesman. i am not going to make a direct linkage to the $20 billion, but our ability to fund these assets and the cash securing these funds would be lost. bernard charbonnet represents people and businesses ached by the oil spill and also the former new orleans port authority chairman. we ve counted on you as an expert for the human impact down there along the gulf coast. i know you know the news. the suddenly uncontrite company,
amounts of environmental damage. these rigs are not supposed to eople died.are not supposed to that s a real tragedy, but the fact is, we re not seeing the kind of environmental damage that and if people are depressed it may be because people are making such a big deal about this environmental damage. i made a big deal about it and may continue to because i fear for it. i haven t hyped it for any reason. i have worried about the damage to our environment too, especially north america is the only one we ve got, this land mass and these waterways. and i have worried about it and this is the first positive report i ve gotten. that s why i have been concerned, not because i want to hype this baby because there s nothing to hype about it. it s been a tragedy from day one. bernard charbonnet, thanks for joining us. michael, thank you. i guess congratulations if you turn out to be right. if you re right, that s great news. up next, the scenario that keeps the country s intelligence commun
has the environmental damage in the gulf of mexico from the bp oil spill been overblown? reports this week show that the oil slick on the gulf surface is dissolving rapidly and time magazine reporter michael grunwald spoke to several marine scientists who say that the impact to the sea life and ecosystem is not as great as everyone feared. he joins us now along with bernard charbonnet. chairman of the new orleans port authority. let me go to michael first. i must have been wrong because i kept asking people for weeks ever since the spill occurred, will this biodegrade. i was told over and over again it would not, they would be stuck with this up to perhaps 60,000 barrels a day, accumulate up to about 4 million barrels in perpetuity till it finally eroded. you re saying that the evidence so far is that it has eroded rapidly. well, look, you know, all oil is biodegradable. some more than others. this is pretty light stuff.
and 11 people have died. and that s a real tragedy. but the fact is, you know, we re not seeing the kind of environmental damage that and if people are depressed it may be because people are making such a big deal about this environmental damage. i made a big deal about it. i may continue to. i fear for it. i haven t hyped it for any reason. i am worried about the damage to our environment. especially north america. it s the only one we ve got. this is the first positive report i ve gotten. that s why i ve been concerned. to me it s been a tragedy from day one. bernard charbonnet, sir, thank you for joining us with your reports. michael, thank you. congratlations if you turn out to be right. if you re right, that s great news. up next, the scenario you that keeps the country s intelligence community up at night. a nuclear attack either by a rogue nation or loose nukes in the hands of terrorists. how real a threat is it? how imminent?
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