Page 17 - Foil Flow News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We are free of the middle east. [ applause ] >> when the iranians practiced closing the straits of hormuz which one out of every five barrels of oil flow, the short term answer is the u.s. navy and air force and ultimatum, the closing the straits would be an act of war and their government would cease to exist. [ applause ] >> but the long term solution is to create american energy independence so we could say to china, india and europe, you have a problem in the straits of hormuz we hope you can solve it, we're not in charge of it. [ applause ]

There's speculating if we're targeting gadhafi himself and targeting the missiles maybe the oil flow will start up soon from libya. even though the price is up this morning, maybe, just maybe, fairly soon, the oil will start flowing again and the price will come down. that's all speculation, of course. but that's why the market is going to go up at least 100 points on the dow, 23 minutes from now. martha: we'll talk to you when it opens up, stuart varney, on vashy -- varney & company, thank you very much. bill: so much to watch now. as we move forward through this story, the u.s. is in the lea...

Businesses and tourism and mundane aspects of their daily lives. >> i pray to god it works this time because i want my life -- i used to complain about my rug. it turns out i loved it. >> the oil flow is not going to be there. i hope we can clean up the mess and things get back to normal. >> reporter: right now they have rough estimates of how much oil leaked into the gulf but they hope that today's pressure test will give them a more accurate flow rate and much better estimate of just how much oil is out there and perhaps let the residents have a better idea when things will return to normal....

Leaks. that bp would like to keep this well head capped permanently as it is right now and simply sit back and wait for the relief well. we'll find out whether the admiral thad allen extends the testing period, now is the time he has to decide whether to extend it another 24 hours or go ahead and wrap it up. he indicated yesterday and this morning that the pressure readings remain lower than they expected although they are rising. that is a food thing. there is still some suspicious by scientists maybe there is seepage somewhere in the sea floor, or bedrock. if that is the determination, event...

Wait to have the oil well capped. >> reporter: in the short term there is not a lot they can do about the oil flow. the administration thinks there will not be a permanent fix until the relief welcomes in august. they can do things like blame people. >> they have been blaming bp. i don't think that would be anything new. >> reporter: the second piece is about economic recovery. planning around the bigger picture. not just go after the same people. >> thank you richard for your time. >> reporter: thank you. >> joining me now by phone, state representative from mississippi. thank you so much for...