Detailed text transcripts for TV channel - FOXNEWS - 20100501:16:24:00
Economic impact, and there is going to be political impact and fallout. bp, they're going to pay through their teeth. they're going to get raked over the coals, but they need to. this is a bp problem. this isn't an oil drilling problem. this isn't an exploration problem. they had an oil platform that was floating on top of the water with a drill bit into the ground. there is supposed to be a shut-off valve. the way i understand it, there is a shut-off valve at the sea bed. the problem is it's frozen open. so bp needs to get people down there, shut that valve off or worse case, somehow find a w...
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