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Detailed text transcripts for TV channel - MSNBC - 20100715:00:09:00

these weeks before this operation was undertaken. well, industry veteran bob cavnar of thedailyhurricane.com and the huffington post, as always, thanks, bob, if not for the outcomes, at least for the information. great to talk to you, keith. for more on the so-called integrity test and the integrity of the blowout preventers, let s turn now to ed markey. thank you for your time tonight, sir. glad to be here. you had asked bp to provide information about the status of that wellbore. what did the company tell you? well right now i don t have any answer from them. i mean, the condition of the wellbore, its integrity, the integrity of the seabed around the wellbore are critical to knowing how safe this procedure is, that they are now conducting as an experiment at the bottom of the ocean. it s a lot like putting your hand on top of a hose out in the backyard. and the more you keep your hand on the hose, the more pressure

Detailed text transcripts for TV channel - MSNBC - 20100715:00:11:00

the gulf is made paramount and that no shortcuts are taken. that the time is given to this procedure so that the law of unintended consequences is not invoked. you heard our guest expert, bob cavnar on this, whose not convinced what s being done now is designed to most rapidly seal off the well, but the last 24 hours may have been to some degree a diversion designed to, in fact, limit the capacity of outside experts or courts to find out just how much oil was spilled. do we have any counter to his professional expertise? well, i think, ultimately, it is important for us to know whether or not it s 35,000, 45,000, 55,000 or more barrels per day, because the fine, if it s gross negligent, is $4,300 per barrel , per day, and that could total up to $6 billion or

Detailed text transcripts for TV channel - MSNBC - 20100715:02:09:00

communication written between the coast guard and bp all of these weeks before this operation was undertaken. well, industry veteran bob cavnar of thedailyhurricane.com and the huffington post, as always, thanks, bob, if not for the outcomes, at least for the information. great to talk to you, keith. for more on the so-called integrity test and the integrity of the blowout preventers, let s turn now to congressman ed markey, congressman from massachusetts and chairman of the global warming committee. thank you for your time tonight, sir. glad to be here. you had asked bp to provide information about the status of that wellbore. what did the company tell you? well right now i don t have any answer from them. i mean, the condition of the wellbore, its integrity, the integrity of the seabed around the wellbore are critical to knowing how safe this procedure is that they are now conducting as an experiment at the bottom of the ocean. it s a lot like putting your hand on top o

Detailed text transcripts for TV channel - MSNBC - 20100715:05:05:00

inherently risky, not drilling depth alone. quoting from his memo from monday, performance problems have also been identified in recent weeks with the blowout preventers on the relief wells that bp is drilling. the problems have been uncovered during new testing requirements that were imposed on the relief wells after the bp oil spill, thus providing more evidence that prior testing requirements were inadequate. it is unlikely that these problems are unique to bp. we re joined once again by oil and gas industry veteran bob cavnar who writes about the industry for the huffington post as well as his own website, the daily hurricane. bob, good evening. hi, keith, how are you? a 24-hour delay in testing that s now under way tonight. the testing will be underway tonight at some point, presumably. do you buy the explanations and the entire endeavor? no, i don t, keith. i don t understand this whole operation that they re undergoing right now. sunday was the first time i heard the wor

Detailed text transcripts for TV channel - MSNBC - 20100715:02:05:00

that it is the equipment that makes deepwater drilling inherently risky, not drilling depth alone. quoting from his memo from monday, performance problems have also been identified in recent weeks with the blowout preventers on the relief wells that bp is drilling. the problems have been uncovered during new testing requirements that were imposed on the relief well, after the bp oil spill, thus providing more evidence that prior testing requirements were inadequate. it is unlikely that these problems are unique to bp. we re joined now by bob cavnar. who writes for the huffington post as well as his own website, the daily hurricane. bob, good evening. hi, keith, how are you? a 24-hour delay in testing that s now underway tonight. the testing will be underway tonight at some point, presumably. do you buy the explanations and the entire endeavor? no, i don t, keith. i don t understand this whole operation that they re undergoing right now. sunday was the first time i heard the wor

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