Page 32 - Containment Cap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Together with you and we hope you'll come back. thanks very much. >> thank you. we'll continue to follow breaking news right now. bp getting the approval of the obama administration, the scientists as you just heard to go ahead and begin the test. the test will stop every six hours. they'll review where they stand. they hope to complete the process they say within a maximum of 48 hours if it works. you see the oil now that's still spewing from the top of that cap right now. they'll close those valves and if it works a huge if, the oil will stop spewing from that well. we can only hope and pr...

The economic impact is the greater new orleans incorporate. they are keeping track the moratorium will likely impact louisiana. this is different from the losses resulting from the oil spill catastrophe itself. the group's ceo told me, quote, the moratorium can turn an ecological catastrophe into an economic calamity. he says the rigs are definitely leaving. there are 33 drilling rigs in the gulf poised to drill new wells. if you do the math, anderson, if each rig has 115 workers per shift, two shift, average pay $98,000 a year, they're losing that, but also factor in the caterers and all the ...

The unknown quantity, which is the condition of the wellbore and the casings moving forward and now we are prepared to do that. >> reporter: so, wolf, as you mentioned, those relief wells will continue. what is interesting about this is that if one of the two versions of the containment cap works, essentially, that first relief well would reach the site by the end of july and take perhaps another two weeks to get everything killed off, so that we are looking if this does work at saving about a month's worth of extra oil spewing into the gulf of mexico. so that is why this is such a significant...

Of this thing. weight 160,000 bounds. we did the math late this afternoon, that's the equivalent of 30 military humvees sitting atop that well tonight. >> the question a lot of people are asking, now that this containment cap is on. why did it take so long to make this particular move? >> because we had to make the containment cap. >> bp engineers need up to 48 hours of testing to prove the well's structure is sound. but they'll know within six hours if the news is bad and this leak will go on. >> cnn's ed lavandera is in louisiana. what do we know right now, ed? >> we're watching the video fe...

You do wonder, ten years, people wish it had moved along a lot faster. >> we'll continue the debate about the building of that islamic cultural center coming up in our 7:00 hour. 7:40 eastern. we'll hear from both sides of the controversy. meantime, crossing the half-hour right now. time for this morning's top stories. bp says that today will be the earliest before it begins any testing on a new containment cap over its ruptured well. those tests were put on hold yesterday to give engineers some more time to review the testing procedures. more bad news for president obama. for the second t...