Page 36 - Drill Bit News Today

>> reporter: good morning, alex. . >> lets get to what hes saying right now. >> bob dudley in charge of the cleanup for bp said in the houston chronicle this morning that he thinks bp can cap the well ahead of schedule, maybe around the first of august. the coast guard has been saying they could cap the well around the middle of august. but bob dudley says if we dont have anymore storms in the gulf of mexico, his crews can get it done by the first of august. some oil analysts have been predictin...

Some oil analysts say that well, the drill bit is only 600 feet away from the target of 16,000 feet below the surface of the gulf of mexico. if they keep going at the pace theyre going, they could be there in two weeks. what great news that would be. so maybe they are trying to temper it just a bit saying maybe the end of july and surprise everybody early. >> we can all use great news when it comes to this gulf oil spill on day 75. thank you, charles hadlock. an elderly couple was assaulted by...

Down and makes that turn, ive wondered how are they going to actually hit it? it seems like its a very difficult thing to do, so deep to get it dead on. but inside the drill bit they have a magnet, and the magnet is designed to seek the metal of the pipe. so they believe theyre going to get it on the first or second time rachel. >> kerry sanders live from grand isle, louisiana. thanks for helping us understand it. really appreciate it. >> sure. >> i sort of cant believe weve got this, but we hav...

Down and makes that turn, ive wondered how are they going to actually hit it? it seems like its a very difficult thing to do, so deep to get it dead on. but inside the drill bit they have a magnet, and the magnet is designed to seek the metal of the pipe. so they believe theyre going to get it on the first or second time rachel. >> nbc news correspondent kerry sanders live from grand isle, louisiana. thanks for helping us understand it. really appreciate it. >> sure. >> i sort of cant believe we...

Way down to the bottom of the ocean and on top of the oil leak which is right down here where the wellhead is, and then theres the blow-off preventer here that was supposed to stop the leak. they dont know why it didnt work. it may actually have worked, but because there was actually a well -- a drill bit in there, a pipe in there, when you put those two bits together, and you screw them and theres a joint there, theres a lot of metal. and as these things may have tried to come together to stop ...

Report on from ken salazar interior secretary. moratorium in place you say more drilling. >> moratorium means stop. >> juan: for now? >> who knows if they will pull tore what standards they will come up. its not affordable to put this drill bit into the sea bed so were not going to drill. >> juan: eric bolling, thanks. its always great to watch you on the fox business network. outrage at the u.n. where iran, a country that lashes women who wear short skirts has just become a member of the womens...

Report on from ken salazar interior secretary. moratorium in place you say more drilling. >> moratorium means stop. >> juan: for now? >> who knows if they will pull tore what standards they will come up. its not affordable to put this drill bit into the sea bed so were not going to drill. >> juan: eric bolling, thanks. its always great to watch you on the fox business network. outrage at the u.n. where iran, a country that lashes women who wear short skirts has just become a member of the womens...

Economic impact, and there is going to be political impact and fallout. bp, theyre going to pay through their teeth. theyre going to get raked over the coals, but they need to. this is a bp problem. this isnt an oil drilling problem. this isnt an exploration problem. they had an oil platform that was floating on top of the water with a drill bit into the ground. there is supposed to be a shut-off valve. the way i understand it, there is a shut-off valve at the sea bed. the problem is its frozen ...

Report on from ken salazar interior secretary. moratorium in place you say more drilling. >> moratorium means stop. >> juan: for now? >> who knows if they will pull tore what standards they will come up. its not affordable to put this drill bit into the sea bed so were not going to drill. >> juan: eric bolling, thanks. its always great to watch you on the fox business network. outrage at the u.n. where iran, a country that lashes women who wear short skirts has just become a member of the womens...

Technology of onstar to help keep you safe. from new energy solutions. to the designs of tomorrow. we invite you to take a look at the new gm. senior chief petty officer michael oberry joins me on the line. hes with the u.s. coast guard, hes been keeping us up to date on whats going on with the oil rig, the deepwater horizon, and unfortunately weve just learned that oil rig has sunk. he continues with me on the phone. youve got two things going on, michael. youve got now the efforts to deal wi...