in a perfect world with no interruptions, he said, bp s relief well drilling would have reached the spilling and be ready to start sealing off with the ahead fluid known as mud by july 27. july 27 just happens to be the day bp answers to investors for quarterly earnings. a day bp wants good news. congressman ed markey asking bp to explain how and now why the original application to drill the relief well listed an estimated completion date of august 15th. bob cavnar pointing out in a post today that for the same reason bp had financial incentive to low ball its initial flow rate estimate has financial incentive not to cap the spill at all. but end it with the relief well. why? capping the spill successfully would allow scientists to count accurately the rate of gallons per minute generating a hard and precise number for the total amount spilled.
as long as they can argue it s a lower number, they actually do better on cash. turning to lake pontchartrain, can you explain the use of dispersants by bp might have enabled the oil to stay submerged and get into the lake? you know, keith, i think we re going to learn that the use of dispersants was a gigantic mistake, especially applying them as subsea on the ocean floor as they did. the only real defense against the barges them is no real defense. the only real defense against oil is don t put it in the water. since it is in the water, the barges might slow it down. it s still going to get there, especially since it s been dispersed in tiny droplets that never come to the surface. so it will just drift along the bottom under the boats and into the lake. back to the breaking news, the court ruling that there will be no interim moratorium until the full moratorium at the end
recording one of these in which i say, wait till you hear what sharron angle did now and we put up you video of the senate candidate s latest crazy talk and i can go to the can or something. on the radio talking about bp turning the tea party into the tea bp party. i wanted to know what she thought of the $20 billion slush fund and whether our government should be able to do that to a private company. the answer is no. government shouldn t be doing that to a private company. i think you named it clearly. it s a slush fund. they re actually using this crisis, if you will, because they never waste one. it s the rule for radicals. to get in cap and trade and every fine and penalty and slush fund, like you said. do you think saul alinsky
let me move you to the insurance question. i had to file a claim by 5:00 today even if the oil is not going to come ashore until next month and next year. obviously, regulators at the state level would look at that. but what are your thoughts on this practice, and what congress might specifically do about this practice? well, i understand what the what bp is trying to do. i understand what the insurance industry is trying to do. in both instances, they re trying to limit their liability. bp doesn t want us to know exactly how much oil went out there since they get fined by the barrel. the same thing is true for the insurance industry. they re trying to put a clock on this. they re trying to say, it started 80 days ago. there is a limitation of 80 days in the filing of claims. therefore, some poor soul out there that thinks they re going to be able to sue, to be able to collect on their insurance claim won t be able to do so. well, it might have started 80 days ago but it hasn t end
so whether it be the government of louisiana or it be the u.s. government, we are going to have to come down like a ton of bricks on any insurance company that thinks they re going to be able to escape their liability to someone who purchased an insurance policy to protect themselves against the very thing that is happening right now. now to your question, to bp today, congressman. explain this apparent discrepancy on the timing of the completion of the relief well. well, again, back two years ago, they said they could handle a spill 300,000 barrels. as recently as this april, they were filing to drill the relief well, they said they could handle a spill of 162,000 barrels a day. it s obviously right from the get-go, they have had no idea what they are doing. i think that it s very suspicious that they re picking july 27th, the day where they re supposed to produce their