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Detailed text transcripts for TV channel - FOXNEWS - 20111229:16:54:00

information kit with dvd, brochure and price list. call right now and you ll also receive a $50 savings card just for inquiring about the sleep number bed. ask about our risk-free 30-night in-home trial. call now for your free information kit and a free $50 savings card. call now! jon: there are new reports that justice department could slap bp with criminal charges over the 2010 oil spill in the gulf. the worst spill in our country s history was the result of an oil rig explosion. that blast killed 11 workers and unleashed economic and emotional hardship for people living along wide swaths of the gulf coast. liz macdonald of the fox business network has more on that. specifically, liz, what is the justice department reportedly looking at? reporter: they re looking at reportedly misleading and false information given to government regulators about the safety of that macondo

Detailed text transcripts for TV channel - FOXNEWS - 20111229:18:09:00

and, megyn, these criminal charges could carry up to five years in prison each. we did reach out to bp. bp is declining comment. separate from this, bp fill faces a justice department lawsuit that s going to trial in february of 2012 to, basically, determine who is liable for what happened at the macondo well. and, you know, bp is saying in its regulatory filings that other companies are possibly responsible for what happened with the macondo well exploding and collapsing. basically, transocean, halliburton which was responsible for cementing the well, those are the companies that bp is saying should share the blame in the collapse of that macondo well in april of 2010. back to you, megyn. megyn: lizzie mac, thank you, lady. reporter: sure, delighted. megyn: we ll show you why a group of top economists are barely giving the president a passing grade. and some classic cars rolled out for kim jung-il s funeral.

Detailed text transcripts for TV channel - MSNBC - 20110708:08:52:00

the worst oil spill in u.s. history, the worst oil catastrophe in a generation. the oil rig that started the drilling at the bp s failed well was not the bp horizon. the first rig that started drilling that well ended up running into trouble about a month into the job. it had to be moved away for repairs and only then was bp forced to bring in a replacement. the replacement rig they brought in was the deepwater horizon. the deepwater horizon drilled for about two months before it catastrophically blew up. the deepwater horizon was a replacement rig. the rig that was originally slated to be there, the rig that was supposed to be the one drilling that macondo well was the transocean marianas rig. it was supposed to move off the coast when the crew discovered

Detailed text transcripts for TV channel - MSNBC - 20110708:04:52:00

the worst oil spill in u.s. history, the worst oil catastrophe in a generation. the oil rig that started the drilling at the bp s failed well was not the bp horizon. the first rig that started drilling that well ended up running into trouble about a month into the job. it had to be moved away for repairs and only then was bp forced to bring in a replacement. the replacement rig they brought in was the deepwater horizon. the deepwater horizon drilled for about two months before it catastrophically blew up. the deepwater horizon was a replacement rig. the rig that was originally slated to be there, the rig that was supposed to be the one drilling that macondo well was the transocean marianas rig. it was supposed to move off the coast when the crew discovered it was taking on water at an alarming rate. the crew was evacuated immediately.

Detailed text transcripts for TV channel - MSNBC - 20110325:01:19:00

standards in place, what essentially that means is something that looks like what eventually capped the bp well is on the shore somewhere and there are companies that are saying that stuff is better, that people have been better trained and that safety standards are good. but other than that there s nothing new that s happened since bb. right. there s no fundamental change to the way we drill the deepwater, rachel. we re doing it with the same equipment, the same blowout preventers on all the deepwater rigs that are in the gulf that failed on the macondo well. and the issue here is these new regulations regulate an unreliable piece of equipment and regulating something that s unreliable doesn t make it more reliable, it just makes it more regulated. so to be perfectly clear about this because i ve really got my hair on fire about this, i sort of can t believe what we have found out i understand. the blowout preventers have been determined, at least by this latest forensic inv

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