Detailed text transcripts for TV channel - FOXNEWS - 20100716:04:01:00
This breaking news, host of varney and company, stuart varney. and the author of why we hate the oil companies, the former ceo of shell oil john hofmeister. welcome back, good to see you. john, last time were you here, were you not confident this would work. what do you think of where we are right now? >> well, i would emphasize the word cautious, sean before the word optimism. this is not a didn't deal. pressures are very, very tough things to deal with. if the casing is weakened or damaged, then they have to be very careful about how they deal with this whole containment device. i think it i...