Junk Shot News Today

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Dealing with. we needed to declare a spill of national significance. >> the dome this morning is about 200 feet above the leak being lowered carefully on the leak. the pressures and temperatures are different here, so we cannot be confident it will work. >> our opportunity were pursuing at the moment is cammed the top kill or junk shot opportunity. its quite complex technique. >> bp, which owns the well, has offered a bunch of ideas for stopping the leak but they all seem half baked. most surpri...

Wells that they drill, these relief well, taking it down here and pumping stuff down here. theyre 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 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? >> theyre confident this time around, because they feel like unlike top kill, theyve 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 dont want to bore you with the details, but the pressure readings are such that they feel l...

Fixed up just the way you like them. well, whatever it is, you can enjoy more of it with walmarts guaranteed unbeatable prices on all your cookout favorites. ♪ save money. live better. walmart. ♪ welcome back. were talking oil now. bps 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 mome...

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. theyre going to have hundreds of pages of new regulations. for what? >> basically to help the big banks. a pleasure to...

Flowing from that broken well to the gulf. >> all right! >> theres no oil spilling, apparently, at this hour for the first time. b.p. is keeping a close eye on a temporary cap to make sure it holds until a relief well is built. >> and the good news that they stopped it completely for at least a little while sent b.p.s stock up. stock gained over $2 late in trading yesterday with b.p. closing just under $39, i believe that was close to 7%. >> so theyve tried so much. i mean, they tried the junk s...

To refresher courses on chemistry and biology. abcs john hendren points out five lessons learned. >> reporter: the oil spill has brought us new phrases. top cap. top kill. blowout preventer. junk shot. but over the past three months its also given us a litany of fascinating oil trivia that you probably never knew, and now wont be able to get out of your he >> no, i didnt know that. >> reporter: here are our top five things weve learned from llgulfco. number one, oil evaporates. who knew that muc...

Shift to cleanup in a way that we just havent seen. we have talked about it a lot on this program there is a level of distraction at the highest levels because so much attention has had to go toward capping this thing? >> exactly. i mean, the end game is the relief wells. thats going to be august, maybe september for the second one with. this capping would help, it really is a containment of it. theres still going to be leakage going on. so we dont want to uncork the champagne in the next 48 hou...