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Detailed text transcripts for TV channel - CNN - 20100804:17:18:00

they pump it down as far as they can get it to essentially plug this thing from the top. now, the relief well still going on, being dug from the angles, trying to intercept the well. but for right now, getting this mud down, the pressure is holding, things are working. static kill is working. we have been disappointed so many times in the past about thinking things might work, would work, and they didn t work. but right now, there is a lot of optimism about this effort. again, it s hard to get kind of mixed up in the static kill, bottom kill, what s the difference? well, they re essentially the same thing, but the more permanent option, we re told, is the bottom kill that still is about two weeks away from happening. we re going to get many more updates or many more questions to our or answers to our questions here in just a moment when robert gibbs steps out. also, we saw our ed henry in that room in a second and we re going to talk to him in a bit, as well. but something else tha

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 - CNN - 20100804:17:00:00

Detailed text transcripts for TV channel - CNN - 20100804:17:00:00
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Detailed text transcripts for TV channel - MSNBC - 20100804:02:37:00

running for two weeks. and then we started hearing about the static kill, where they wanted to try to kill the well from the top again. so that actually started this morning after a lot of discussion about whether that s actually the right thing to do, and it s one that i actually disagree with what they re doing right now. what happened with the relief wells that have been portrayed until the last few days, as the ultimate solution. no matter what else you did, if you got those relief wells, you would be sure that this thing would be mastered? this is the one thing i just don t understand, keith. these relief wells, one is just standing by in case the first one doesn t work. i understand that. this deepest relief well is only four feet from the intercept point. they have to drill about another 100 feet to intercept. they re right there and they ve lost three weeks of operations due to first this well integrity test, then, of course, there was a tropical storm, which nobody could h

Detailed text transcripts for TV channel - MSNBC - 20100804:05:35:00

once again, we have expanded our language at the trivial expense of just a little oil in the gulf of mexico. static kill. our third story in the countdown, after allowing 5 million barrels of oil to poison the ocean, bp is once again putting its hopes into a glorified injection of mud. the obvious question is, will it work? perhaps the more important one is, how will we know? in a moment, bob cavnar will join us. tests earlier in the day prompting bp to go ahead with its critical so-called static kill effort, in which once again heavy drilling mud is pumped into the top of the well. the operation intended to help plug the unstable well. it was sealed with a temporary cap last month. it could last, the operation, that is, until thursday. engineers won t know for more than a week if the procedure worked. and while bp maintains static kill may be enough to seal the well, retired coast guard admiral thad allen, who s in charge there, insists the gusher will have to be plugged from two diff

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