Drill Line News Today

"We are proud to carry on the tradition of shipbuilding here in America," said Moran Iron Works Founder and CEO Tom Moran.

Than 1% of the water use in texas, in certain counties, according to a university of texas study, fracking uses up 50% of the water supply. but before we go any further, just what is fracking? im going to leave that explanation to "all ins" chris hayes, who not only explained the process, but had some cool animation made for his documentary, "the power of politics," which aired last night on msnbc. >> the process begins by drilling down thousands of feet into the tough shale layer. the drill lin...

Roof, consumers feel that at the pump in the united states. and they demand action. that draws us in to conflicts around the world. >> yet in the last few years, we have begun to wean ourselves off foreign oil. since 2005, oil imports are down from 60% to less than 45% of total consumption. part of the reason, a technological breakthrough that makes it possible to extract vast amounts of oil from shell rock, right in our own backyard. >> up until recently, it was judged intapable. it was impossi...

And sends oil prices through the roof, consumers feel that at the pump in the united states. and day demand action. that draws us in to conflicts around the world. >> yet in the last few years, we have begun to wean ourselves off foreign oil. since 2005, oil imports are down from 60% to less than 45% of total consumption. part of the reason, a technological breakthrough that makes it possible to extract vast amounts of oil from shell rock, right in our own backyard. >> up until recently, it was ...

The drill line goes vertical, and then horizontal through the rock. sometimes as far as a mile. then under high-pressure water, chemicals and sand are pumped into the line forcing fractures in the rock, releasing the oil which is then pumped to the surface. its genius technology is termed hydraulic fracturing or more commonly fracking and has led to a modern day oil rush. but theres something else locked up in the shale, natural gas. and natural gas is only half as much co 2coal, so its a cleane...

Work on it. one of the cement plugs on the rig was also found to be missing. the rig failed pipe pressure testing which should have indicated something was going wrong with gas in the drill line. failure after failure after failure, blown supposed fail safe after blown supposed fail safe after blown supposed fail safe, and 11 people lost their lives. and the gulf, every day, gallon by crude gallon is losing maybe everything. but dont worry, they said it would all be fine, it would be safe. >> i ...

Consulting to figure out how to work on it. one of the cement plugs on the rig was also found to be missing. the rig failed pipe pressure testing which should have indicated something was going wrong with gas in the drill line. failure after failure after failure, blown supposed fail safe after blown supported fail safe after blown supposed fail safe and 11 people lost their life, and the gulf is maybe losing everything. but remember, they said it would all be fine. it would be safe. >> i think ...

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Latest updates on this topic.