Page 5 - Drilling Platform News Today

On that corner. he caught 80 to 100 fish. he said each and every day. in fact, when i was talking to him, ali, he actually caught one in the ten minutes i was there, and right over his shoulder is what could be one of the older riffings in the coast of alabama, and i would say mike wallace is one of the most prolific fishermen that are also here in this area. so, you get a sense of what fishing means to the people that come down to this area. that is what is at risk. >> is that a drilling platfo...

Station on a mass scale. oil tankers from around the world dock here, load up on about 2 million barrels of oil each and then had their separate ways. every vessel that approaches the platform is pre-checked by a team of iraqi and coalition marshalls. >> well be onboard and well check passports and after all of the passports are checked we go through the entire ship and check bases looking for stowaways, bombs, weapon, you name it. >> reporter: coalition troops here live and work alongside iraqi...

>> small boat approaching a u.s. navy vessel. >> reporter: this is the military drill at the al basrah oil terminal known as abot just off the iraqi coast. its part of an international effort involving u.s., british and iraqi forces. the troops here are charged with protecting iraqs most precious resource. ♪ ♪ >> when we have a vessel thats unknown to us coming inbound to the platform, we go into ready condition to protect the oil platform. the vessels out in the water that are protecting th...

U.s. military for help. >> in light of, you know, the depth of the water, the complexity of the spill, whether they have any, either expertise or actual assets, in addition to all the other things they are being employed, that would be usable either, a, to plug the leak, stop the leak, speed up the repair of the leak. >> shepard: this all started last week when an explosion aboard a drilling platform that left 11 workers still missing and oil still spilling into the water. at first, the scientis...

>> greta: next senator santorum. but first our new york newsroom with ainsley earhardt. >> reporter: goldman sachs could become the target of a criminal probe if house lawmakers have it their way in a letter 62 representatives write a criminal fraud on a historic scale seems to have occurred. goldman facing stem charges for allegedly profiting from the housing crisis while misleading investors. word of a new leak from that wreck of an oil well creating a massive slick in the gulf of mexico. cont...

About clean-up efforts and also last weeks explosion on the drilling platform. >> responsibility for safety on the drilling rig is translation, it is their rig, their equipment, their people, their systems, their safety processes. >> and bp bears none of this responsibility? >> bp -- we will deal with these issues in the fullness of time. today were focusing on the response. but as ive said, the systems processes on a drilling rig are the accountability of the drilling rig company. >> okay. cont...

To secure not just iraqs oil, but the stability of its entire economy. this is perhaps the lifeline into iraqs economy. 95% of the countrys oil wells flows through pipelines on this platform into waiting tankers. its takes 24 hours a day, 365 days a year. any disruption to this being devastate the economy. >> oil produced in the north goes directly to turkey and only some of the revenues are channelled to baghdad. 75% to 80% of the countrys gdp is dependent on the oil exported from this platform...

Drastic measures to try to contain a growing oil spill in the gulf of mexico. theyre about to set the thickest part of the slick on fire about 50 miles or so off the louisiana coast. this is after that drilling platform exploded and sank. about 42,000 gallons of crude have been leaking into the water every day. kris gutierrez is in louisiana for us. how does a controlled burn like this work? >> reporter: jane e sen herbally what they -- essentially what they do is corral in this really as much o...

Were following several other important stories tonight. joe johns is back with the "360 bulletin". >> sanjay, the u.s. coast guard is preparing for the worst with 42 gallons of oil leaking each day from the wreckage of a drilling platform in the gulf of mexico. if the oil slick cannot be contained, officials say it could hit land between louisiana and florida within the next three days. the view from space here, a look at the spill tonight, just off the coast of louisiana. the british governme...

Regulation. republicans afraid of too much intervention, democrats want more. if the 5:00 vote doesnt go down, they dont get it. they will say the gop stands with wall street. tomorrow, guess who is p up here, goldman sachs testifying before the senate. youll see democrats saying not ensemble is gop with wall street they are going to go aggressively after goldman tomorrow. its going to be a wall street beatdown, shall we say, in the next few days. >> no kidding, with all the e-mails out as well....