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Detailed text transcripts for TV channel - MSNBC - 20100804:05:36:00

so-called bottom kill. more mud and cement will be injected into bedrock 2 1/2 miles below the sea floor. this as new estimates are out at the bp price tag. the company could be fined as much as $21 billion if it is found to have committed gross negligence or willful misconduct. the fine could drop to $17.6 billion if the government credits the company for the oil it has already recovered. joining us once again tonight, former oil executive, bob cavnar, who writes about the industry at dailyhurricane.com. he s also author of disaster on the horizon, which is due out in october. good evening, bob. hi, keith. static kill. where did this one come from? have we heard of this before? it gets confusing sometimes. well, that s the latest part of the most recent shape shift of bp. when admiral allen compelled bp to go ahead with the capping stack, you ll remember that they came up with this well integrity test that ran for supposed to

Detailed text transcripts for TV channel - MSNBC - 20100804:02:36:00

so-called bottom kill. more mud and cement will be injected into bedrock 2 1/2 miles below the sea floor. this as new estimates are out at the bp price tag. the company could be fined as much as $21 billion if it is found to have committed gross negligence or willful misconduct. the fine could drop to $17.6 billion if the government credits the company for the oil it has already recovered. joining us once again tonight, former oil executive, bob cavnar, who writes about the industry at dailyhurricane.com. he s also author of disaster on the horizon, which is due out in october. good evening, bob. hi, keith. static kill. where did this one come from? have we heard of this before? it gets confusing sometimes. well, that s the latest part of the most recent shape shift of bp. when admiral allen compelled bp to go ahead with the capping stack, you ll remember that they came up with this well integrity test that ran for supposed to be for six to 48 hours, ended up

Detailed text transcripts for TV channel - MSNBC - 20100804:00:36:00

different points. the yet to be finished relief wells will be used to execute a shof called bottom kill. more mud and cement will be injected into bedrock 2 1/2 miles below the sea floor. this as new estimates are out at the bp price tag. the company could be fined as much as $21 billion if it is confined to commit gross negligence or willful misconduct. the fine could drop to $17.6 billion if the government credits the company for the oil it has already recovered. joining us once again tonight, former oil executive, bob cavnar, who writes about the industry at dailyhurricane.com. he s also author of disaster on the horizon, which is due out in october. good evening, bob. hi, keith. static kill. where did this one come from? have we heard of this before? it gets confusing sometimes. well, that s the latest part of the most recent shape shift of bp. when admiral al will know compelled bp to go ahead with the capping stack. you ll remember that they came up with this well integri

Detailed text transcripts for TV channel - MSNBC - 20100731:00:30:00

and i would like to say, though, even at that point at which that oil stops flowing, the commitment remains by bp to stay here along the communities of the gulf coast to make good, to restore the gulf coast. unfortunately, there s no way of knowing what s flowing into the ocean, because the live feed of the wellhead that bp had been providing was black for the past three days. this morning on his teleconference, retired coast guard admiral thad allen was asked by the daily kos why the feed was gone? allen had no answer. soon after, however, feed came back online. joining us once again tonight is former oil executive bob cavnar, who now writes about the industry at dailyhurricane.com. he is also the author of disaster on the horizon due out in october. bob, why do you think the video feed was turned off for three

Detailed text transcripts for TV channel - MSNBC - 20100720:05:05:00

put in place before we finish building out the infrastructure to support the four platform production. so we re somewhat limited right now. but we have the cap in place and are finishing the infrastructure to take us to the 60,000 to 80,000 barrels a day production capacity. joining us tonight is bob cavnar, a former oil industry executive who now covers the industry at dailyhurricane.com. thanks to your time, bob. bob, could you elaborate on what admiral allen said about how those lines, those hose lines in effect that would be going down to the cap might not be able to carry this kind of load? apparently, getting this stuff up to the surface isn t as easy as some people might think. you know, lawrence, it is getting curiouser and curiouser the more i listen to both sides, either admiral allen or bp talk about this particular issue. this cap was designed to add two more production lines to the two existing production lines out of the old blowout preventer. if you ll recall, they u

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