Ixtoc One News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That? >> we didn't edit that to take away the sound. that's them. just blank stares all around. so if you're counting on the oil industry to self-police in response to big disaster, just look at the blank unknowing faces on these guys and tell me that you're still counting on them. an enormous disaster like ixtoc does not get discussed. the fact that they spill oil disastrously doesn't even get on the radars for these guys. and this is why we have government regulation. we care because it's our land, our sea, our environment they're destroying. and these disasters apparently don't even make a ...

Relationship to oil. but get this -- this is something that i learned today watching the congressional hearing that i did not expect to learn. for oil industry executives, even the biggest accidental blowout ever, 140 million gallons of oil spilled into the gulf of mexico, even that is apparently not a big deal. when they think about their own industry. it's not part of what they've learned about oil and oil companies and drilling. it's not something they talk about. it's not a term they're familiar with. it's apparently, if you're the head of an oil company, if you're the ceo of an oil compan...

Big deals. these are sort of landmark events in terms of our relationship to oil. but get this -- this is something that i learned today watching the congressional hearing that i did not expect to learn. for oil industry executives, even the biggest accidental blowout ever, 140 million gallons of oil spilled into the gulf of mexico, even that is apparently not a big deal. when they think about their own industry. it's not part of what they've learned about oil and oil companies and drilling. it's not something they talk about. it's not a term they're familiar with. it's apparently, if you're t...

Timeline to indicate that this thing, that technology is worthwhile for further investment. >> and that most of the technology, most of the resources, most of the research done happened in the late '70s and '80s. it hasn't happened since then. they've been too busy counting their money. >> well, so the investments that could be made by bp and other petroleum for boom and technologies, if you think about it in terms of product development, the timelines for product development can stretch from years to decades. >> yeah. >> we certainly have had the time. we've had plenty of lessons learned sinc...