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Says containment device is covering the main leak and that it could start pumping out crude as soon as next week. the spokesman says it could take up to 12 hours for the giant steel and concrete box to settle into the mud at the bottom of the gulf. a mile below the surface. and another two days before the pump can get started. here's a reminder of how this is supposed to work. once this big box is in place. workers are to hook up a pipe to try to divert the oil into tanker on the surface. bp engineers claim that could capture as much as 85% of the leaking crude. though we can't confirm that. t...

The place. ranging from $2 billion to $14 billion. we won't know the full cost until all of the leaks are stopped. let's say this containment device works, if that happens, analysts say the clean-up cost would be $1 billion of $2 billion. all right. worst case scenario, the spill let's land. if that happens, clean-up will be much harder because you've got beaches, you've got fishing areas, animal habitats being effected. that would top the highest estimate of $14 billion, tony. >> and then there's the other factor of damage to the local economy to consider here, stephanie. >> that's what a lot...

Tapping. is this a case of bp and other oil companies, i have to ask you this, for that matter, just going too far into the water and digging too deep? >> well, we are going to find out but i can tell you bp wasn't prepared for this. that containment device being built they never had a plan b if the regulator wasn't going to work. british petroleum has been abysmal on day one since this and the fact they are building it, going to gush for another week and maybe in a week and then if that doesn't work, they don't really have a plan c but they might call some other people in. it has been a boond...

The same time. so they can make the most of what could be a weak casing. >> sean: why don't you explain what they did here so people can understand it? >> what they basically did is they set this containment device especially designed on top of the blow-out protector. it is a big device. it has the ability, sean, to actually ram charge closings to actually shut off the flow of oil and gas from the top of the blow-out protector through the containment device to try to push that oil back into the earth. however, when they test closing it, they are taking a risk of blowing the casing below the bl...

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