Page 15 - Drilling Mud News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Same thing is true with this drilling mud, with toxic materials in it. on top of all the toxic materials in it. all of this totality still leaves the gulf of mexico as a toxic bowl of materials which is going to haunt this region for months and years to come. >> i guess the big question is will it be months, will it be years, will it be longer than that, what's the best intell you're getting on this that tells you that bp and the government is moving in the right direction. >> there was a scientific experiment, shooting chemical into the water in order to break up and disperse the oil. all of ...

Finish the relief well is back in place expected to resume drilling later this week. the plan is still to use the new well to pump drilling mud into the broken well followed by concrete to seal it. just this week, a new controversy erupted over the drilling mud. when current bp ceo tony hayward testified in front of congress he told the committee the mud is not toxic. newly released documents show the drilling mud contains toxic chemicals like ethylene glycol as well as caustic soda. that's also known as lye. thousands spilled into the gulf. several members of congress want to know how much of...

Earnings report. what could be expected there? >> it could be all right if you take out the effect of the gulf. the cost of the bp could be anywhere from 17 billion to 900 billion. consensus is about 33 billion. they will be paying for this for a long, long time. big question, will l. they be able to do more projects in the golf gulf as they go forward. new fellow will have to negotiate all of that. shep? >> shepard: gerri willis from the fox business network. working on a permanent fix to stop the flow of oil into the gulf. take a look at new video of crews over the site of that busted well. ...

>> i believe all the mud that has gone into the ocean is water based mud with no toxicity whatsoever. now bp is admitting that is not true. what do you think is going on here? >> it clearly wasn't true when he said that, chris. all drilling mud, even though a lot of drilling mud is fresh water based has a lot of chemical additives to it. especially 30 or 40,000 barrels. clearly there were toxic element s. >> is it possible he could have known -- he couldn't have known that there are chemicals in the mud that they use? or is he just lying?

In june, when mr. hayward was before our committee, i asked him if there were any toxic materials in the drilling mud. he said in response to my question, there is absolutely no toxicity whatsoever. well, to conclude this hayward era on friday, i received a letter back from bp telling me that in fact the drilling mud did include chemicals, chemicals that are used for example in anti-freeze for automobiles. which are toxic. and so once again, mr. hayward was either lying or just incompetent in terms of what he knew or what he should have known about what he was doing to the gulf of mexico. >> s...