Detailed text transcripts for TV channel - CNN - 20100715:02:04:00
Understand what's happening tonight, since bp isn't doing it, chad myers joins us. what do we know about what's going on right now? >> we know the oil coming out of that picture right now is not coming out of the top of the new cap. that oil is coming out from a different valve, a different hole in the top of the cap. it's still the cap, but they have now shut off with the valve the main flow. now, that may seem irrelevant, but it's not, because now with this new plume of oil, which looks like smoke, you can now turn the valve slowly enough to bring up the pressure to the blowout preventer, wh...
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