Detailed text transcripts for TV channel - CNN - 20100504:01:40:00
North sea and it is used by bp on all of its north sea rigs. it is called an accostic regulator device and it can remotely turn or shut off the pipe in the event of a blowout. they did not have one on this pipe. they were excused from having that in a 2003 meeting with dick cheney in which he said -- he absolved the oil industry from installing the safety devices in its offshore rigs. they also didn't have a dope-well valve, apparently, which is another valve that is 200 feet below the surface of the sand, another fail safe device they could have used to shut off the pipe. apparently, bp was a...