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Particular should get extra scrutiny because of what happened on their watch with their equipment at deepwater horizon? >> well, bp does not have a lot of best friends in this area right now. but on the other hand, i don't think that anyone thinks that all of the executives of bp sat around a board table last year and said, i know what we'll do. we'll have a big explosion and a big disaster. so it's not in their interests either to have such a terrible thing happen because it's expensive for them. and, of course, it's a dreadful thing for us on the coast. so like them or hate him, they are wha...

We have been talking a lot on this show recently about the government's decision to start greenlighting oil wells again in the gulf of mexico after the bp disaster last year. that is news that matters to everyone in america, of course, but if you live in a town where people depend on oil rigs for jobs, then you've got a very particular interest in those decisions. i mean, if you're a roughneck in baymoanette or eunice or corpus christi government decisions about new drilling can mean the difference between shipping out for real work on a real rig or counting on an oil spill relief check from b...

And that is scary because it turns out that these blowout preventers are flawed. they are flawed in a way that -- such a way that the very accidents they're supposed to stop from becoming disasters, those very same accidents can render them inoperable, can just take them out so they can't do their jobs. we knew that things could go wrong with blowout preventers. what we did not know is that if things didn't go wrong with them they still might not work. that by design some blowouts will just still happen, will just render the blowout preventers pointless. in other words, there is no fail-safe. ...

They are flawed in a way that -- such a way that the very accidents they're supposed to stop from becoming disasters, those very same accidents can render them inoperable, can just take them out so they can't do their jobs. we knew that things could go wrong with blowout preventers. what we did not know is that if things didn't go wrong with them they still might not work. that by design some blowouts will just still happen, will just render the blowout preventers pointless. in other words, there is no fail-safe. if this thing here is the backup plan, it means there is no backup plan. we did n...

Really brags on the capacity of those preventers. >> i think a lot of people were genuinely surprised when the deep water horizon blew up that oh, my god the blowout preventer didn't work. that was supposed to be the last thing that stood between us and a disaster of the magnitude that did happen. so that was disturbing, even appalling. but you have to keep in mind anyone should keep in mind that's the best thing that is supposed to stand between the kind of disaster that happened. a lot of other things should not have happened as well and all of it has to be fixed so that we can have a safe d...