Page 12 - Production Capability News Today : Breaking News, Live Updates & Top Stories | Vimarsana

some pretty deep ties with the white house? and why is it that the company with deep ties to the white house, the company that just got a big contract for a drug that's not been proven yet, why is it going to make an 85% profit on its government contract? coming up we're going to talk with a member of the company's board of directors, a familiar face here at cnn. we first got wind of this story in the "los angeles times" but since then have learned a lot more. investigator drew griffin is keeping them honest. >> reporter: it's just another good business deal for billionaire investor ...

the big contract for a drug that's not been proven yet, why is it going to make an 85% profit on its government contract? coming up, we're going to talk with a member of the company's board of directors, a familiar face here at cnn. we first got wind of this story in the "los angeles times" but since then, have learned a lot more. investigative correspondent drew griffin is keeping them honest. >> reporter: it's just another good business deal for billionaire investor and big-time democratic political supporter, ron perlman. this major political contributor to both parties but partic...

white house? and why is it that the company with deep ties to the white house, the company that just got the big contract for a drug that's not been proven yet, why is it going to make an 85% profit on its government contract? coming up, we're going to talk with a member of the company's board of directors, a familiar face here at cnn. we first got wind of this story in the "los angeles times" but since then, have learned a lot more. investigative correspondent drew griffin is keeping them honest. >> reporter: it's just another good business deal for billionaire investor and big-time...

We want redundancy in the production capability and also in the capacity so that while we're doing this, we can still deal with the entire flow. for that reason, it was anticipated whether or not the capping stack works and we shut the well in that we would ultimately go to four sources of production under the new system, the kill and choke lines from the original blowout preventer and the kill and choke lines from the new capping stack. two would go to vertical riser pipes anchored on the sea floor, and the other two would go to drill strings that are put below production vessels and kengted ...

Could afterseveral days in the transition be at a point to where we have lost no production capability to where we are today. >> to be precise, on the relief wells, you are assuming they are ready to go by early to mid-august and not necessarily at the end of july? >> mid-august is what we have been saying, wolf. conditions under which it would happen sooner becomes u i am not prepared to commit to that yet. mid-august is the date. and we have a chance to dramatically reduce the oil released into the environment and shut in the well altogether in the next week. >> that is excellent if possible...