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Adequately to the kind of spill we are seeing in the gulf of mexico. we have to use this as the opportunity to ensure that the safeguards are put in place and not allow the industry to, once again, escape from the safety regulation the american people right now want because they are horrified watching every day this catastrophic event. >> one of the things we talked about on last nights show that seems more pressing to me because of the conflict of interest by the judge who ruled against the moratorium in louisiana. is this issue of whether or not we are capable, as a nation of responding if s...

By this judge, we went through trying to learn as much as we could about the energy companies he's invested in, there's a lot. it took a lot of time. if you don't consider them, he owned exxon stock while he was holding hearings in this case. >> right. >> even if that was the only thing true, wouldn't that alone disqualify him from getting the case? >> absolutely. any stock that he owned where there was a direct relationship. we are not talking about somebody who owned shares of oil companies in the same industry as bp. we are talking shares in a company with a rig directly impacted by the mor...

In terms of the safety requirements that would have to be put in place because that accident would be an offshore spill. the same way the transocean rig is really registered in the marshall islands and norwegians determine how safe it is and move it into the gulf of mexico. it's one thing to drill offshore. itis another thing to offshore safety regulations. itis what's been happening. i'm afraid the judge is part of this. one of the ways i got to congress 34 years ago, i had a piece of legislation that banned judged from keeping their clinlts. believe it or not in massachusetts, 100 judges sti...

Are we using what we have already. not only are we at the bottom of the barrel, but bp and everyone else is making it up from the beginning. bp obviously did not know what they were talking about from the jump shot and the top kill. all the way through the submarine, a couple days ago accidentally knocking over a part of the containment device at the bottom of the ocean. we are really beyond the capacity of an industry that under estimated safety. they assumed an accident could not happen. the rig could not sink. none of these things could happen. one of the reasons they are able to get away w...

Holdings. look. bp. it's not just this judge's potential financial interest in bp alone. it's always been noted this week this judge had and sold stock in the drilling company transocean, which owned the deep water horizon rig that blew up in the gulf. this judge held stock in a company called the noble corporation. noble is definitely one of the companies affected by the deep water drilling ban. they are operating two drilling rigs in the gulf of mexico sitting idle because of the drilling ban. every day the moratorium goes on, one of those rigs loses roughly $459,000, every day for that comp...