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Detailed text transcripts for TV channel - CNN - 20100617:15:52:00

what he has to say. in order to keep the people calm. and he s going to have to come good on his promise as far as putting the money in the escrow account and helping the people clean up a lot more. reporter: jennifer, ha do you think of the oil spill and the response to it? i think it should have come sooner. i believe that he could have gotten more, you know, boats out just like my husband has said. a lot more sooner. reporter: so you guys think more could have been done? yes, i think a lot more could have been done a lot sooner. it s a giant company, they know, they know that this could have happened. and i don t think it should have taken 59 days to start cleaning up oil or burning the oil off. i think they could have done it a lot sooner. reporter: thanks so much, michael and jennifer parker. john, i want to say that i ve spoke ton quite a few people here. and a big feeling that people have had is no matter what

Detailed text transcripts for TV channel - CNN - 20100617:16:39:00

because on april 15th, there s a document which is five days before the blowout, that said using the safer liner will add an additional seven to $10 million to the completion cost. the same document calls it the single string of casing, the best economic case for bp. and the conclusion i draw from these documents is that bp used a more dangerous well design to save $7 million. what do you think about that? what s your response? i believe that document also highlights that the long-term integrity of the well will be better served by a long string. the long string is not an unusual well design in the gulf of mexico. as i understand it say that again? a long string is not an unusual design in the gulf of mexico. as i understand it, the halliburton witness, who was interviewed by our staff, had

Detailed text transcripts for TV channel - CNN - 20100617:15:04:00

of the company. this is the american government, president obama, ensuring that this company is made accountable and sending a signal to all other companies that seek to treat ordinary american families in a way that can destroy their entire family s history. reporter: even though you heard that republican upset about that $20 billion escrow fund, make no mistake about it, republicans are trying to make clear one after a another that they are add angry at bp as the democrats are talking about the investigation that their staff had done, looking at some of the missteps and cost cutting and cutting corners as many of these members have said. you are hearing that from republicans as much as democrats. i m not sure if this comes across on television, but you see tony hayward at a huge table. it s enormous.

Detailed text transcripts for TV channel - CNN - 20100617:16:16:00

dana, the questioning will begin, i assume, by bart stupak, is that right? that s right. and we actually just grabbed bart stupak on the way back into the hearing. we have the chairman of the committee with us. congressman stupak thank you very much for talking with us. what s your first question? the first question is how could you not know the problems with this well. you know if you take a look at it, all the reports we ve put out, from five hours, two hours, 51 minutes, 48 minutes, 18 minutes, who made these decisions to allow this nightmare well to run away and blow. that s one my first questions i ll ask for mr. hayward. anything that we have not seen that you re going to reveal in terms of the documents that you all have been going through? i think you saul the 2007 management report itself which said they have a culture of accepting risk and ignoring regulations and i m going to ask him a little about that. i as far as the documents, i think most documents you have, i t

Detailed text transcripts for TV channel - CNN - 20100617:15:38:00

kind of money that hope to make it life in a short period of time. they re saying, how is the money i made a year ago that i didn t make today going to get to me efficiently? why are the problems in the process? there are things two think about, one, how much did bp know about this and what s bp s own corporate history about profitability and safety have to do with this? they had an explosion in texas, a spill on the alaskan north slope. bp is plagued with this. you also heard a congressional committee interviewing other ceos of oil companies this week where they found out that the other companies had the same disaster response plan for a spill in the gulf coast that bp had prepared by the same people. how much of this is industrywide? how much of this is regular layers, the mms of the department of the interior not knowing what would happen with a spill like this? we hope this conversation today

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