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Detailed text transcripts for TV channel - FOXNEWS - 20100513:23:07:00

Called transocean went to federal court today and said that its liability should be maxed out at $27 million. and they cited an 1851 law called the u.s. limitations of liability ship owner s act. a lawyer for the family of one of the men presumed dead in that rig explosion said the actions of the company today were frivolous as well as shameful. juliet? juliet: david lee miller live in louisiana. thank you. south of the disaster in the caribbean sea, a natural gas platform today sinking off the coast of venezuela. we re told all 95 workers on board thankfully survived. not clear what went wrong but officials report a massive water leak may to be blame. venezuela s apparently tech loving president hugo chavez announced the news on twit they re morning. the country s oil minister says it poses no threat to the environment. exploring offshore natural gas fields said to be some of the biggest deposits in the entire world. a state of emergency in a major city. ....

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