. >> council for anadarko? no questions from anadarko. douglas brown? >> doehe have questions? >> yes, he has questions for mr. sims. >> what is his name? >> mr. steve gordon. can you hear me sir? >> and not real clear. >> steve gordon. counsel, c you hear me? >> yes, what is your name? >> steve gordon. mr. sims, once again, your drillings operations manager for bp, correct? >> currently for the elite well by the d d three. >> what is your other title? >> that is it right now. >> that is it right now. before -- >> was the word "completion of" title?rt of her title stocyour >> iw ould say it has been -- the tle has been written a number of ways. the wells ops manager. both ways. written >> has the word "completion" ever bombarded your title? >> that is what the "c" sants for, yes. >> thank you can you tell me rew fort look of the c the deepwater horizon? >> would you explain? >> i have been told by bp they thought they were considered the "a" team. is that true? >> what bp said? >> what did he income of the deep water rise in crude? -- deepwater horizon crew? >> i think the crew

and that will be reflected by bp and anadarko. they're the first ones to shut in production. any hurricane, they've done that in the past. what's the effect on that? it's not rising oil prices. it's earning power's potential for those in the gulf. >> so all this, the shut-ins, plus the moratorium on new projects more than 5,000 feet deep in the ocean, all that combined will not result in higher oil prices? >> in the long term it will absolutely affect the growth of supply. but in the near term -- >> so it will impact oil prices? >> in the long term. way down the road. increasing -- >> a year -- >> down the road. in the near term traders are actually worried and betting that right now if you see shut-ins you will actually see prices fall because the spr will release oil into a market that's already flooded. >> joe, what is the worst case scenario? is there something in a come out -- if the situation gets worse, may we see -- may we see wells that are actually operating right now be shut down? >> here's the worst case scenario. the worst case scenario is for the entire country.

and partial owner of the rig, anadarko, has lost more than $4 billion.arket drop today, this bit of market history: tomorrow is cinco de mayo, and s&p finds, over the past 60 years, the fifth of may has seen positive stock moves two-thirds of the time. and that's tonight's market focus. >> susie: higher taxes and a consumer shift to premium beers helped molson coors boost revenues in the first quarter. but volume was-- you'll excuse the expression-- "flat" for the maker of brands including coors lite, molson canadian, and blue moon. the beer industry has been in an aggressive cost-cutting mode for several years, and as scott gurvey reports, that has brewed up several mergers and marketing partnerships. >> i like to switch off once in a while, different beers. heineken or budweiser, i switch on and off. >> reporter: some people, like raymond reder, don't really care which brand of beer they are drinking. they are in the minority. for everyone else, there are far more than 99 bottles of beer on the wall. people can be passionate about their favorites. for

. >> council for anadarko? no questions from anadarko. douglas brown? >> does he have questions? >> yes, he has questions for mr. sims. >> what is his name? >> mr. steve gordon. can you hear me sir? >> and not real clear. >> steve gordon. counsel, can you hear me? >> yes, what is your name? >> steve gordon. mr. sims, once again, your drillings operations manager for bp, correct? >> currently for the elite well by the d d three. >> what is your other title? >> that is it right now. >> that is it right now. before -- >> was the word "completion of" title?rt of her title stocyour >> iw ould say it has been -- the title has been written a number of ways. the wells ops manager. both ways. written >> has the word "completion" ever bombarded your title? >> that is what the "c" sants for, yes. >> thank you can you tell me rew fort look of the c the deepwater horizon? >> would you explain? >> i have been told by bp they thought they were considered the "a" team. is that true? >> what bp said? >> what did he income of the deep water rise in crude? -- deepwater horizon crew? >> i think the

those includes shell, conoco phillips, llog, anadarko, anding international.fear not, according to representatives of the petroleum business cloaked in a name that sounds environmentally protective, this isn't so catastrophic after all. don't forget, before astroturf meant fake grassroots ginned up by lobbyists, it meant flooring, flooring made of plastic. i have just one word for you -- plastics. did you know that plastics are a petroleum product? that does it for us tonight here in new orleans. we'll see you again tomorrow night back in new york city. keith olympic berman starts right now. thanks for being with us. >>> which of these stories will you be talking about tomorrow? from times square to arrested in 53 hours and 30 minutes. and a president is not crowing and not trying to terrify the citizens for whom he works. >> as americans and as a nation, we will not be terrorized. >> the suspect is faisal shahzad and he is singing like a bird. >> he has been talking to us and providing useful information. >> providing it before and after he was read his miran

anadarko. douglas brown. thank you, sir. are there any questions that we did not ask you more information relating to the investigation that you would like to offer at this time? >> nothing comes to mind. >> thank you, sir, for your testimony. william make yourself available in the future? >> yes, sir. >> you were dismissed. we call on mr. burgess with transocean. >> good morning, mr. burgess. thank you for being here. >> a false statement given to an agency of the united states is punishable by fines and or imprisonment. knowing this, do you solemnly swear the testimony you are about to give is the truth, the whole truth, and nothing but the truth so help you get? >> yes, i do. >> thank you, sir. please be seated. >> good morning. before we began, are you comfortable with having the representative from transocean's council represent you? >> yes. >> can you please state your name and spell your last? >> micah burgess, b-u-r-g-e-s- s. >> who are you employed with? >> transocean. >> what is your job? >> i am a driller. >> how