Safety Caps News Today

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Thats the government in the north sea that requires that, and yet those exact same safety caps that in theory -- and i dont know that that specifically would prevent everything that has happened here -- but those safety caps are not mandatory in the gulf of mexico. do you know why that is? >> well, let me react, dylan, theres a lot of questions there. let me try to take them as best as i can as quickly as i can. >> why dont you start with the safety caps. >> okay. first on the safety cap issue, ...

Know that it is exploding in size. theres an underwater volcano of oil that is being released into the gulf of mexico. at the same time we know we have the equivalent of the saudi arabia of wind which has many issues. im not even saying specifically thats a solution, but we also have the equivalent of saudi arabia of natural gas. we have the saudi arabia of geothermal. we have so many other things that are not this that dont create this risk profile. why it is and how it is that our government w...

The fingers at transocean and cameron and halliburton saying it was their fault and thats just not right. >> it would seem addressing that issue preventing it from ing iig to the land is the issue. its mandatory safety caps on these wells. its a self-regulating system that the americans use where the oil companies self-regulate sounds familiar to me from my banking conversations and they found it was necessary to put these safety caps on although norway and the northern europeans seem to think i...