Page 12 - Rig Workers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Communicator. and of course, that was bp. >> to be fair, of course, all of the english-speaking people from bp did not do such a cracker jack job, as it was. but i must ask you this, regarding this entire -- the good news about the $20 billion package, the additional $100 million package about the rig workers essentially paying for a presidential decision there. why did, in your opinion, the president speak last night and then reach this agreement today, rather than the other way around, when he could have been the one announcing all this good news tonight? >> well, for starters, bp's money, b...

>> the current pay czar for the big bank bail-out, kenne kennethfeinberg will oversee the claim. a three-member panel will review the awards. b.p. agreed under the white house pressure to set aside $100 million for unemployed rig workers idled by the six-month deepwater moratorium and the white house released this photo of obama with the b.p. chairman of board who announced the oil giant would cancel stockholder dividends for 2010 and address the perception of greed and indifference. >> i hear the -- [ inaudible ] that large oil companies are greedy companies or don't care. that is not the cas...

>> larry: what are your thoughts about the moratorium? >> we can't last six months. i have tried to explain to the president and to his advisers, i have the greatest respect for secretary salazar. we have 33 rigs that can float anywhere in the world. they can basically be moved anywhere in the world. if we don't figure out how to keep them operating safely, way before six months they will simply leave the gulf and go to africa, china or elsewhere. they can't afford $500,000 a day to be in neutral on idle. it is not going to happen, larry. it is not just the rig workers that the president ackno...

From this $20 billion. he wanted to remind people, however, that this is not a cap. this does not mean that all bp is going to be responsible for is this $20 billion. this is essentially a start in what they agreed to in this meeting with several bp execs at the white house today. another $100 million, he just told us, they've agreed to put into a fund that will go to unemployed rig workers. rig workers out of a job because of this ole mess. let me bring in gloria borger, still standing by here with us. something else, gloria, that jumped out here. he spoke of -- probably the first time we've ...

Battles, the last 57 days. and we need to win this war. and a call for gulf coast restoration as james has been saying is a step in the right direction. >> larry: what are your thoughts about the moratorium? >> we can't last six months. i have tried to explain to the president and to his advisers, i have the greatest respect for secretary salazar. we have 33 rigs that can float anywhere in the world. they can basically be moved anywhere in the world. if we don't figure out how to keep them operating safely, way before six months they will simply leave the gulf and go to africa, china or elsewh...