paid. bp just paid billions of dollars by admitting it screwed them at every single turn. and we just keep giving them more licenses and more leases. go bp go. i don t understand it. the rules should be the same everywhere. the people of louisiana should not be and mississippi and alabama and florida should not be paying for this on their own. their leaders don t have the political fortitude. they don t have it. they do a good job, but they don t have big mouths. bp has paid a lot of money already. bp is making billions and billions in profit after lying to us and screwing an entire region. but under the system they shouldn t have to pay more than the damage they caused. nor should the government be getting these cash. the harm these people suffered is egregious. no amount of money can eradicate it. they should get the cash.
it s not working. shepard: there s thousands of these wells out there. maybe it s time to get a well stack for up a of them if it happens once, it can happen again. dow jones newswires reports bp shares up 10%. go bp. on jonathan serrie is with us. have we gotten reaction from inside? not yet. before this exercise began, federal officials said based on the pressure, that alone will give them a better idea of the flow rate and consequently, if they multiply that by the days of the disaster, a better idea how much oil has spilled. even if they don t go through with the collection containment strategy, the government at least, publicly, says they re confident that they ll get a much more accurate idea of the flow rate. shepard: that would be a dream come true of course.
i believe there was a dow jones alert that said the integrity test started at 2:25 central, so only 3:25. i don t know how long the tests take. shepard: we know bp has been dialing down the flow as part of a test on a new cap. one of fears was they would dial the flow down to where there was nothing and it might blow underneath or below the surface in the core of that well. it seemed as if that was a risk, right? good questions all. probably a little bit over my head so i don t want to be misleading but i ll get you someone to speak to that. that sounds good. we ll go to jonathan serrie on the scene. we re work to go establish connection with him. we knew they were dialing down but all the wire service confirms what bp said, bp now reporting know oil is leaking into the gulf. you re like if they can do this cap now, if they can cap it and stop it, dial it down and cap it
crack or weak point. what they could do according to bp, say that did happen. you can then release the valves on the cap, allow the great majority of the oil to flow and bp does have in place at the top of the gulf the facilities to capture oil coming up. the reason bp is going to say this is good news is you have a cap that, if the pressure holds and they don t have leaks, you have a cap that in case of a hurricane, they can shut it down, no oil goes not gulf for 48 hours they can protect everybody and get back out. the other thing they can do, since the cap, if it holds, if the cap works, they can open the valves to take oil to the top but not into the gulf. it goes to the q4000 and they burn it off, put it into containingers. the concern is the rupture, like the garden hose, even in they got that hole, the hose still works and you can get it up. shepard: it would then and
spouse from the gulf floor? then what do they do? then you have a catastrophic emergency. they went through with this test on the premise that that would be highly unlikely. this was the reason for that initial delay, the 24-hour delay the government wanting assurances from bp that this test wasn t going to make matters worse. they seem confident this is highly unlikely but if that were to happen, obviously it would be a catastrophic emergency and they would to call in even more vessels to get involved with a massive clean up. shepard: a lot of observers, though we don t hear about them. a lot of them suggested it was a calculated risk. think of this now, they ve capped this thing. all of that pressure has built up underneath. they re measuring it but they should have known enough to where it didn t blow up in the first place.