Page 7 - Static Kill News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Once again, we have expanded our language at the trivial expense of just a little oil in the gulf of mexico. static kill. our third story in the countdown, after allowing 5 million barrels of oil to poison the ocean, bp is once again putting its hopes into a glorified injection of mud. the obvious question is, will it work? perhaps the more important one is, how will we know? in a moment, bob cavnar will join us. tests earlier in the day prompting bp to go ahead with its critical so-called static kill effort, in which once again heavy drilling mud is pumped into the top of the well. the operat...

So-called bottom kill. more mud and cement will be injected into bedrock 2 1/2 miles below the sea floor. this as new estimates are out at the bp price tag. the company could be fined as much as $21 billion if it is found to have committed gross negligence or willful misconduct. the fine could drop to $17.6 billion if the government credits the company for the oil it has already recovered. joining us once again tonight, former oil executive, bob cavnar, who writes about the industry at dailyhurricane.com. he's also author of "disaster on the horizon," which is due out in october. good evening,...

Looking at all of this as they are abe to answer the questions and get the requirements in place, and they will move forward appropriately with the temporary pause in drilling. >> some suggestions, earlier is going if go enfor the end of the year, and you are now thinking that it is accelerated lifting the moratorium? >> well, i will leave it to interior in terms of the actual time frame, but certainly, we have a lot of information that we didn't understand then. we understand a static kill and top hat and they will look at that in making the decisions. >> correct me if i'm wrong, but the pres...

Kill kill. that will be in the next 10 to 14 days that will be done. >> jim acosta is live for us in new orleans this morning with more on that. so all signs of progress moving ahead. what's the reaction down in the gulf coast? >> well, i think it's a lot of waiting and seeing at this point, because there has been a lot of skepticism throughout this entire ordeal. and you're right. about five hours ago, bp announced what they're calling a sick milestone, the mud inside that damaged well has stabilized the pressure down there. and we wanted to check out the conditions out at the deepwater horiz...

And i'll have these guys discuss sort of where we are in the static kill. which is -- which is good news, and it is sort of the beginning of the end of the ceiling and containment phase of this operation. i want to be, though, very clear, as the president was, that our commitment to those families, to those communities, in and along the gulf coast, remains same as it always has been. we are transitioning and will transition to a greater focus on clean-up and damage assessment. there is still lots of work to do. and this government will be here every step of the way to do that work. that's an i...