Offshore Wells News Today : Breaking News, Live Updates & Top Stories | Vimarsana

'75, congress -- decided we had to got something because you can paralyze the economy by choking off the oil. >> greta: done as a national security nation to protect us from a disruption rather than play with the numbers on the cost? >> it is strategic not tactical. it is meant for fiscal interruptions. we used it after katrina and other hurricanes when offshore wells were out of production. when there were other problems. we took oil. sometimes we sold oil, sometime we length oil. it is strategic -- not a short term weapon. >> greta: who owns it -- [ talking over each other ] >> your taxes pa...

'75, congress -- decided we had to got something because you can paralyze the economy by choking off the oil. >> greta: done as a national security nation to protect us from a disruption rather than play with the numbers on the cost? >> it is strategic not tactical. it is meant for fiscal interruptions. we used it after katrina and other hurricanes when offshore wells were out of production. when there were other problems. we took oil. sometimes we sold oil, sometime we length oil. it is strategic -- not a short term weapon. >> greta: who owns it -- [ talking over each other ] >> your taxes pa...

Bombs in athens today. the classes came in a 24-hour strike to protest the country austerity measures. they are expected to need more financial help beyond the $158 billion bail-out that saved it from bankruptcy last year. still ahead, the latest on the devastating flooding of the mississippi river, but first a new effort to get the oil pumping from offshore wells. delicious gourmet of gravy. and she agrees. with fancy fest gravy lovers, your cat can enjoy the delicious, satisfying taste of gourmet gravy every d. fay feast, the best ingredient is love.

Where that huge explosion in the gulf of mexico last year killed 11 workers and caused an environmental disaster. that was in april of 2010. but now transocean has declared 10 the best year for safety in the company's history. financial papers filed with the u.s. government revealed the company's top executive got a pay raise of more than $1 million. transocean did not respond to an e-mail from cnn seeking comment about this. bp leased that oil rig in the gulf of mexico and now 15 months after the spill, the oil company may soon have permission from the u.s. government to return to deep-ocea...

I use petroleum products every day. this is something we are depending on. until we are weaned off, we will keep on drilling. >> they say there are not enough opportunities. they need to continue to drill in more and more places. the obama administration is hitting back. saying we have already leased these particular areas. you are not using what we have given you. can you give us a sense the layout of the land. >> this is the gulf. they pump out 25% of what we use on a daily basis. 1.5 million barrels a day pumped from the gulf of mexico. this is the highlight of the active platforms. there a...