Exploratory Rig News Today

Collapsing as did bps deep water horizon rig 2 1/2 years ago. black he will oclock energy sent this showing the section of pipe being cut when the fire started. >> the oil, the platform was confirmed shut in before -- before they started work. nonproduction platform at the time. >> several of those workers medivaced to la will being treated for severe burns and the latest word from the coast guard, they are still searching for the two missing workers. >> i read this is a far different type of op...

Were dealing with 3,000 pounds of water pressure. so theyve got quite a chore on their hands just to build this box in an attempt to make it work and im very confident that they will have a lot of success with this box. >> so this was an exploratory rig and was not prepared to handle any kind of a leak or mishap at that depth. fair enough? >> well, we dont expect to have leaks. everythings supposed to work. >> everythings supposed to work. all right. give us your professional opinion. 30 days, 6...

At the pump and analysts say if the u.s. were to shut down gulf oil production in light of the disaster, everyone will pay the price. fox business correspondent present da buttner joins us now. the gulf accounts for -- brenda buttner joins us now. the gulf accounts for a third of our gas, and will the price goes up even if we dont shut down the rigs. >> yes. i believe they will. the question is, how much. i can tell you that our analysts here, chief analyst who made a lot of money in oil commodi...

At stake. >> critics are urging the president to abandon his plan for offshore drilling all together, including a prominent democrat from florida. major garrett is live at the white house. whats the status of the administration policy as it relates to expanded offshore drilling. >> it will be on hold until two things are known. one, what was the cause of this explosion on this exploratory rig. its important to note it was an exploratory rig so there are no immediate price implications. number tw...

New offshore areas for drilling. hes undergone a lot of criticism for that. appeared in the rose garden yesterday and had this to say about that idea. >> i continue to believe domestic oil production is an important part of our overall strategy for energy security. ive always said it must be done responsibly for the safety of our workers and our environment. the local economies and livelihoods of the people of the gulf coast, as well as the ecology of the region are at stake. >> theres been a lo...