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Nine agonizingly long nine months after the ixtoc well exploded a pair of relief wells finally allowed the engineers to cap the leaking well. that was 31 years ago. i am 37 years old, and this happened when i was 6. those haircuts are back in fashion. and the stuff that did not work back then is the same stuff that hasn t worked now. same busted blowout preventer, same ineffective boom, same underwater plumes, same toxic dispersants, same failed containment domes, same junk shot, same top kill. it s all the same technology. the ixtoc well, which couldn t be plugged for nine mos, was in roughly 200 feet of water. now in 2010 we re using the same exact techniques to try to plug a we ll wealth that is leaking in 5,000 feet of water. the oil companies keep talking about how technologically advanced they are. well, what they ve gotten technologically advanced at is drilling deeper. they haven t gotten any more advanced on how to deal with the ....
Wells that they drill, these relief well, taking it down here and pumping stuff down here. they re going to try to do it both ways. oil was pouring out of the top of this well. down and up and through into the blowout preventer, there was too much force from the oil and the natural gas that was blowing out the top of this well. there was too much force for the mud to sink to the bottom and kill the oil. it just kept getting blown out. then they tried junk shot. that means they not only put mud, they just put a bunch of junk, literally. like rubber things like golf balls and things to try to plug up some of these holes so that all the oil just wasn t going up with the mud. that didn t work either. ....
they tried so many things, the top kill, the top hat, the junk shot, you name it. why are they so confident this time it will do it? they re confident this time around, because they feel like unlike top kill, they ve got that cap in place so this cup at youred well is under control, they feel at the moment. and they have been taking pressure readings, so right now, the pressure read attention and i don t want to bore you with the details, but the pressure readings are such that they feel like this whole ruptured well is really under control at the moment. the weather, they also said, at this particular technical briefing also in good shape. unlike the other times where it was forcing material or forcing junk into a ruptured well, they ve got this containment cap. that s the big difference here, and because they ve got that containment cap there, they feel like they ve got a lot of the a lot of the you know, the physics on their side this time around. of course, we ll have to ....
Fixed up just the way you like them. well, whatever it is, you can enjoy more of it with walmart s guaranteed unbeatable prices on all your cookout favorites. save money. live better. walmart. welcome back. we re talking oil now. bp s apparent act for a buzz words after the top kill, top hat, junk shot. bp coming out today with seep. as in a seep was found this the sea floor near the recently capped well in the gulf. a seep could be evidence that oil and gas is escaping from the well momenting ago a bp ....
Joe the hardware store at 8% or 10%. it might be a risk, but i can make money instead of buying treasuries or sitting on your cash. so you have that kind of incentive. interest rates gets to new levels. it becomes worthwhile for joe to borrow the money and for the bank to make the loan. then they have to tell the regulators, stop beating up on banks that want to make real loans. they re going to have hundreds of pages of new regulations. for what? basically to help the big banks. a pleasure to see you. i hope to continue this conversation with you. maybe i can pitch you some deals. we ll do it as an economy coup with the truth. steve forbes. thank you so much. up next, we have top hat. we have top kill. and i m not talking about financial regulation. we had the junk shot, of course. and now we are adding a new word ....