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tv   [untitled]    November 16, 2010 8:30am-9:00am EST

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and concluding with presidential elections in two thousand and twelve it's a timeline that's likely to dominate investor sentiment and therefore capital flow to affect prosser business archie moscow that's have business update for now or join the next awful business news.
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time for the headlines now here on r.t. moscow was cold thailand's extradition rushing. to the u.s. illegal washington accuses the so-called emotions of death of trafficking. in conflict zones around the world. the e.u. president warns the failing euro currency could drag down the union with ireland and portugal could be forced to accept the bailout money to save their economy. and the u.s. trying to downplay rumors of
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a dispute between the president karzai criticized washington's tactics in the country meanwhile human rights activists claim there are cases of prisoner abuse awaiting to be made public. but the gulf of mexico oil spill was one of the worst environmental disasters the world has seen. hundreds of millions of gallons of oil spewed into the water following an oil rig explosion now our coverage of the disaster has a virtually disappeared from america's press however both kanva who wrote a book on the catastrophe told r.t. that nothing has changed with industry regulation and the problems are still lurking. six months ago the worst environmental disaster took place in the us a b.p. oil spill unleashing more than two hundred million gallons of oil into the gulf coast how could this disaster have been prevented and why has this story fallen
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from the front pages joining me now to talk more about this topic is bob cavanaugh our author of disaster on the horizon and c o of a look at technologies thank you very much for sitting down to speak with r.t. happy to be here mr cavanaugh are you say that the b.p. oil spill was not an accident it was a tragedy that didn't have to happen why did it happen the problem with the industry has and has had for years is that it's essentially been on regulated in the us our regulations are our self and forced we sort of to the government that we're doing what we're supposed to be doing there are very few inspectors that actually come out to start to to see if we're actually following all the rules and regulations and because of the deregulation of our industry at least in federal waters over the last ten years the problems that we have a big getting worse and worse and there's been no enforcement to correct them mr
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cranleigh from what i understand one of the many reasons you wrote your book is because you believe that americans still don't understand the extent of this tragedy a tragedy that is considered the greatest environmental disaster in u.s. history how bad is it we don't know how bad it is the problem is that the vast majority of the oil never came to the surface it's in the oceans still today now some of it's being bugged degraded there is microbial degradation where some of the oil does get eaten but we don't know how long that takes and in cold war. water three thousand four thousand feet deep there could be vast plumes of oil that we can't see this destroying the food chain and the scientists that i've read and talked to will say that this oil gets and gets into the food chain and could cause damage all the way up it to to humans eating eating the seafood to come in from the
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gulf and it's a huge concern six months of past we have not seen congress act on any legislation that's exist story has basically fallen off the radar every u.s. news channel and major newspaper how nobody is talking about this you know it's tragic the u.s. government and b.p. both wanted this story off the television because it was twenty four seventh's with the. feeds the b.p. had where you could actually watch the well flow and in all of the reporting it was going on the government desperately wanted to get that off the off of the television so they actually worked with b.p. to make that happen i believe and that's what that's what i concluded in my book exactly you actually dated it you said on june sixteenth there was a twenty billion dollar merger between the obama administration and b.p. that's exactly right government unoiled industry in bed together what exactly do you mean by that if you go back to the first weeks of the blowout between
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congressman markey and the. obama administration the rhetoric became sharper and sharper and sharper against against b.p. to the point where even london they were saying that we were bashing the brits and when in fact we were we were warned about the gulf of mexico. the rhetoric escalated until the meeting in the white house on june sixteenth where b.p. agreed to put twenty billion dollars in escrow to pay all the damages everything changed instantly the rhetoric toned down the government. were working more with the with the b.p. and other other contractors in the gulf and all of a sudden they were speaking with one voice there were a few disagreements here along the way but admiral allen began speaking for b.p. and for the government and so all of a sudden the decision making all merged and. from there on they were there their
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interest were aligned the government wanted to keep b.p. afloat so they could pay the twenty billion so they wanted to get this story off the television as fast as possible so b.p. could recover what does that say about accountability that says there's not any what you're describing sounds quite similar to the type of conversation that was taking place fine following the two thousand and eight financial collapse in the u.s. a lot of people are saying it was because wall street was working under no regulations they were playing by their own rules and more than two years later americans and possibly people all over the world are still looking for accountability i mean are there parallels between both incidents there absolutely are if you look at the new drilling rules that are being proposed by the department of interior nothing has really changed and the changes that have happened are all basically putting another set of rules that are self certified on to the oil and gas
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companies there's no redesign of blowout preventers there's no redesign of systems there's no redesign of drilling rigs required so all of a sudden we're going to go back doing the same thing that we were doing before now secretary salazar talks about extending the permit review period from a statutory thirty days to ninety days but that requires congressional action and in after this midterm election that's not going to happen they're not going to change that law he read about lobbyists in your book what role do lobbyists play in this situation the huge mistake that the industry makes is that they allow paid lobbyists to speak for us there are some executives who go to capitol hill but they only talk to republicans they don't talk to the to the democratic side most of the time and so we have lobbyists who make money by stirring up controversy so blobby. don't want the rules to be fixed they don't want to head to to make
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progress because the more conflict there is the more negotiations there are the more money they make you say that there was a collusion between the obama administration and b.p. to hide the severity of the spill can you give me details about the fines in the in the us are determined by the number of barrels that are put in the water so it was really important for us to know how much or was put in the water b.p. during this entire time never disclosed what the flow was even to this day they've never admitted what the flow was at the beginning it remember the coast guard said the well and stop flowing was flowing zero will be pieced it on the stage with admiral landry while she was saying that knowing they had our ovies on the bottom at that moment trying to shut the blowout preventer in because it was flowing only forty feet above them after b.p.
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agreed to the twenty billion dollar payment then the government stopped pushing for that that that flow rate once if you recall the middle of july about july thirteenth or so they set the capping stack on the well that allowed them to collect oil and take it to the surface instead of doing that they decided with the government to shut the well in which was a very risky move because they had no idea what the condition of the casing was below but they decided to shut it in so they could so they could get first off get keep them for more oil into the water but also to keep from having to measure the flow rate scatter use or the energy security of the united states relies on moving away from fossil fuels tell words alternative sources of energy right we've seen other countries work this way and work this way successfully and this is something that u.s. candidates and u.s. elected officials promise to do if the u.s. administration does not finally and fulfill the promises of moving away from fossil
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fuels where does that leave energy security in the united states it leaves it in saudi arabia. the challenge we have is that we're importing seventy percent of our oil today from other countries about half of it from countries who just hate us and so we're actually giving money to countries that fund terrorism or at least allow terrorist terrorists to reside there and because we're not taking any steps any material steps to reduce that importation like strong fuel standards conservation more solar wind biofuels because we're not really taking any of those steps we we continue to stay out of control we've lost control of our own destiny france does eighty percent of their electricity with nuclear we do something like less than twenty and we haven't built a nuclear reactor in the u.s.
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for over twenty years but we don't provide any long term investment support for wind or solar or any of the other renewables we need a long term comprehensive plan but that takes political capital and with the oil and gas industry pumping in the last ten years hundred twenty plus million dollars in campaign funds and as long as they have that strong support in congress. i don't see a solution to this at this this takes this takes courage why does the us want to be dependent on so many other countries the people in congress are focused on one thing and getting reelected and as long as it's not right in their face they'll continue to look the other way they'll talk about doing something but when it comes down the taking the hard tough steps they will do that until forced what it's going to take is a crisis in the u.s. a severe crisis to get congress to move what do you mean by severe crisis. fuel
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shortages. people freezing up north in the winter time to be huge blackouts you know like electrical blackouts i'm talking about serious things like happened in california back in two thousand two thousand and one where you think that could happen throughout the country absolutely. very worried about it how soon do you think what you just don't know see the problem is with seventy percent of our oil being imported from other countries saudi arabia or opec could decide to cut imports by half it would be if it happened quickly it would happen in a day if they decided to do that now it's it's a bit of a standoff because we have all that money going to them so they they enjoy the money but they also control the price they control the supply the other challenge is that. many of us believe that saudi arabia and the other opec countries don't have nearly the oil supply that they want everybody to think they did and so they
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may be struggling to deliver the amount of oil that they're delivering today and not have the flexibility they had thirty years ago so if you hit that supply curve that demand it's the supply curve the next barrel of oil was worth a zillion dollars because everybody needs a barrel of oil because the demand is not very flexible thank you very much for happy to be with you. are you. comfortable. just. scored. a photo with the.
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those so much. former prisoners. as well as. those so many years. some are hoping. others hate their executioners and a longing for justice. those so many years of. memory
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is still a moment. as well. as. the headlines here on our t.v. moscow was called thailand's extradition. to the us illegal washington accuses the so-called merchant of death of trafficking arms to dictators on conflict zones around the world. the e.u. president warns the failing could drag the union down with ireland and portugal could be forced to accept a bailout money to save their economy. and the u.s. and afghanistan are trying to downplay rumors of a dispute between them after president karzai criticized washington country meanwhile human rights activists claim there are cases of prisoner abuse waiting to
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be made public. and more news in less than fifteen minutes time but for the meanwhile it's the sports. welcome to the sport and this is what is coming up. i see friendly russia. is the place that belgium side he walked out on. quarter by the producers one of the performances of the season is philadelphia stuff washington in the n.f.l. . and how do you screen time for one junkies have a champion sebastian vettel and his red bull arrive. the first russian coach dick out because says his former side belgium will be a good sparring partner when the teams meet for a friendly on wednesday will be the first time they'll face belgium since quitting as their manager to take charge of russia will be with that disney trio of
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a new cold and then the sort of after they picked up injuries when the side won the russian premier league at the weekend all over oman should have called is expected to play in a match which is being held in border nash seven hundred kilometers south of moscow a sellout crowd of thirty five thousand is expected and i have a car expects belgium to go for the win russia's next competitive match as a euro qualifier against him are much in the meanwhile also injuries for their friendly with france at wembley tomorrow night key plays including john terry wayne rooney jermain defoe and actually color all absent it does mean a chance for some new faces there including sunderland midfielder jordan henderson and striker place in the championship side cardiff he started his career with arsenal but fell out with the management there and despite having several clubs in the short space of time seems to have found his formating fifteen goals this season . more or less.
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what you're going to. reduce both. cultures are sort of. on and off the show. give us both. and it worked for. us for france their coach says the game is just one step in a long rebuilding process after a failure at the world cup he took over after the tournament in south africa and even though he admits the squad is not as strong as those in the past he believes france have enough talented players to start winning again. but. we have had some great sides before but what we have got now is a good group of talented players who are beginning to grow some of them are playing in for in leagues some of them are playing here in england and what i am looking to develop is a top center and these players grow in progress to learn another dimension to their
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plate number style and another facet to their play while playing in different leagues as well as playing in the french league or. ethics committee or into the second day of their investigation into allegations of corruption in the world cup bidding process renewal to marty from to haiti and nigeria's amasa darmody seen here currently suspended from faith is twenty four man executive committee following media reports they would accept from countries bidding for the twenty eighteen and twenty twenty two world cups in return for their votes yet things committee will finish their investigation tomorrow and to marty are found guilty for says the executive committee will vote on who will host the world cups without them members will take part in a secret ballot in zurich on december the second action now from the n.f.l. where quarterback michael vick was virtually unstoppable as philadelphia thrashed washington on monday night he scored two touchdowns and threw four touchdown passes during their fifty nine twenty eight victory before kickoff attention was on the
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redskins quarterback donovan mcnabb just signed a contract with seventy eight million dollars over five years but vick so you took . center stage starting things off with an eighty eight yard pass to destin jackson for the first schools evening. then go on to touchdown in itself seeing a gap in the end zone. and by the time he found jerry macklin at the start of the second quarter they were thirty four points to nothing up. the eagles setting a team record for taking yards in the game five hundred ninety two but it all revolved around his own accurate as you like. jason have been benefiting here on the bench and won fifty nine twenty eight. while they were in the n.b.a. phoenix have kept their winning ways beating denver at home for twelve time in
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a row one hundred points to ninety four the final score to be fed they were sluggish at the start and end the open with a big first half leading by twelve points but in the second the suns getting an eighty one year old can more exterior and jump up. nash and to go glue then hit successive three pointers to make it ninety eight eighty nine and the nuggets never got a chance to make a run the last time they got a win in phoenix back in april two thousand and four. other games amounted to memphis eighty nine seventy two while getting narrow winds were charlotte and dallas oklahoma beat and golden state edged detroit jersey getting the better of the l.a. clippers that. while the celebrations continue for the new formula one world champion sebastian vettel he's arrived back at his red bull team's headquarters in austria i was surprised man leaving the private jet with a trophy in hand as he strode across the tarmac consoles bethel becoming the
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youngest ever champion running three years and a hundred thirty seven days to win the darby grand prix on sunday. his trophy adding to red bull's constructors' title trophy being carried there by team principal christian horner vettel won four races over this season but had not led the championship at any stage until you receive the checkered flag on sunday it's still sinking in australian team mate mark webber who was in with a chance of the title himself was gracious in the. league of trying to get some sleep on the plane you know we're here again at the moment everything is going very fast but i think we need some time. in the plane to realise the whole thing a bit better so it's really crazy in some way. to support him of course but. it was a great great battle. sebastian fully deserved the chairmanship we drove very well and we had some good races a lot of the year obviously the team has come a long way in such a short period of time so
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a lot of positives of course to look at obviously for me it's a little bit disappointing at the moment but look back at this year being still with a lot of positive memories well down under a strain you have named the seventeen man squad for the upcoming ashes for the first test against england starting in britts been on november the twenty fifth recent run of losses and concerns over form around players such as spin in nathan hauritz may have caused the australian selectors to hedge their bets on their thirst choices or it is likely to retain his place as a stray special spin at the gabba but the selectors have also named left arm off spinner. and leg spinner steve smith young batsmen coming in and. provide middle order alrighty as well as coverage for simon cathy he returns to first class cricket this week after a thumb injury and vice captain michael clarke who has a sore back would be far away from cricket the last of a period it's all about are there's there's been a bit of doom and gloom around us about the performances of the last little bit but
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. happy to see some of the younger guys standing up in first class cricket and looking for this. this week's read of much is getting on the why in saying some more great performances and you know what when the name is actually with us the squad's actually trim back getting to brisbane and preparing the best way we can to make sure we start the series very very well so look i'm really excited about why for the ashes to get on the why i called mighty and i finally we will end it will go with the russian premier league. champions and since they were relegated it is still feel.
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i know i'm not is all the sport for now the weather is up next.
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