so we're also suing transocean under the clean water act. of course, bp has recently sued transocean asserting that they should pay and not bp. and, of course, this is going to be going on for a long, long time. one of the reasons we felt it was very important to file our lawsuit was to make sure that the government doesn't try the offer some kind of sweetheart settlement. and, certainly, you know, we know that would happen under the bush administration, no question about it. and we're even concerned that that could happen under the obama administration. and, you know, just, of course, weeks before the disaster obama stood on, the president stood on, gave a press conference and said oil rigs don't usually blow up. well, and nuclear power is safe, and, you know, we can see that there's a massive disconnect, just a huge disconnect between the reality and the policy procrastinations or whatever that word is. >> prognostications. >> thank you. that's why you're a writer. [laughter] and it's really just amazing to see that gap, that -- and it's s

of course bp has recently sued transocean asserting that transocean should pay a not bp. of course this is going to be going on for a long long time. one of the reasons we felt it was very important to file our boss it was to make sure that the government doesn't try to offer some kind of sweetheart settlement, and certainly you know we know that would have passed under the bush administration, no question about it and we are even concerned that could happen under the obama administration. of course weeks before the disaster obama put on a -- the president stood -- gave a press conference and said oil ricks don't usually blow up. and nuclear power is safe. we can see that there is a massive disconnect, just a huge disconnect between the reality and the policy procrastination, whatever that word is. thank you. and it is really just an amazing to see that gap and it is staggering. some of the other litigation we filed is over dispersants. we have launched a lawsuit over the use of these dispersants we heard so much about during the spill. the reality is is the epa approves

the injured and causes to the oil spill, a variety of human error committed by personnel from bp, transocean, halliburton, etc. it specifically said that enforcing existing regulations would not have prevented the oil spill. >> are there improvements in the regulatory framework and enforcement that could be helpful? >> yes. we have taken many of those steps. our drilling safety role that is addressed to well-designed, well casing and blowout preventers a substantially reduces the risk of another spell like depp -- spill like deepwater horizon. we will never be able to reduce it to zero, we will law. but we have been able to reduce overtime. the regulatory process needs to keep up. i felt -- i hope we can further reduce the process. >> one of the arguments made by governor barber and others is that we have 31,000 oil rigs, the safety rate is fine. one bad apple should not cause us to turn everything on its head. my point to the governor was, but one what of this magnitude -- >> we learned today that lawrence eagleburger former secretary state has died. >> once too many, given the severity and

and transocean is not alone.we know of at least five oil companies involved in offshore drilling that moved their legal domicile to a tax haven in the caribbean in order to avoid paying u.s. income tax. and i will conclude, mr. president, by saying, unlike transocean, b.p. has never been an american corporation. but it has no problem in reaping the benefits of our poorest tax code drve our porous tax code. we learned soon after the $20 billion claims entity was announced that b.p. would be writing off all of its expenses for tax purposes. writing off awful that expense for owl of the oil that was spilled that hurt so many of our residents in florida and all up and down the gulf coast. they're going to write that off as a tax deduction deduction and, therefore, pay less tassmenttaxes.estimated to redux burden for -- by $9 billion for b.p. several of us have introduced legislation to shut down this abusive tax break as well, and it's another that we ought to put in this deficit-reduction package. and so, mr. presid

transocean claims b.p. made a series of bad decisions on oil well designs and construction that increased the likelihood of an incident according to the trans ocean report b.p.'s bad decisions are motivated by b.p.'s knowledge that the geological window for safe drilling was becoming increasingly narrow so while these corporations fight over who's shareholders will reap the benefits or pay the cost of a forty billion dollars claim are still levon men dead because of negligence on the oil rig and there's not one person who's in danger of going to jail over what's going on here. well this really when you think about it the whole the whole situation between strands ocean and b.p. is a symptom of a much larger problem that this is you have to ask yourself the question why why aren't corporate c.e.o.'s in jail for example you know the majority of americans would like corporate c.e.o.'s who committed crimes to go to get nailed why are why it would want americans opposed tarp tarp passed the majority of americans

halliburton and transocean who provided services and acute percentage -- [talking over each other] >> i will go to -- mr. rusco. the delay to get america working again, isn't that what the study finds? a distracted agency because it is reorganizing? >> it is a complicating factor. i can say that -- i take the point that once they decided companies needed to demonstrate the ability to contain a blowout, that that was the binding constraint. >> when was that request made? when was the starting date for that? >> i have to defer to mr. bromwich. >> one was the date for the demonstration requirement? >> two different things. if the blowout preventer failed, when did you say they must prove -- >> clarify what was cleared of any. we clarified in writing on november 8th. >> how long was that after the moratorium began? >> less than a month. >> after it began? the first moratorium was put in place in may. several months after. >> you have a six month moratorium and a month later basically then you say you have to do that. isn't this taking six or seven months to decide to add one more way to s

deepwater horizon and offshore drill, it was a step of several missteps by bp, haliburton, and transocean, which government regulators lack the authority, necessary resources, and technical expertise to prevent. in recent years, gao has evaluated many aspects of interior's management of federal oil and gas resources. we have a found material weaknesses in three brood areas and as a result in 2011, gao placed oil and gas on the high risk list. first, interior has been unable to complete production inspections, maintain reliable royalty, and production data, and provide responsible assurance that the public is receiving it's fair share of oil and gas revenues. in recent years, interior hasn't met the goals for verifying the companies report volumes of oil and gas produced on federal leases. interior has lacked consistent and reliable data on the production of oil and gas from federal lands and has been unable it was able to provide assurance it was appropriately assessing and collecting royalties. secondly, interior faces challenges in hiring, training, and retaining staff in key gas, oil,

that report, which was based on -- said halliburton and transocean were at fault. it true that the reorganization is as much a false in the delay? this is a distracted agency because it was a reorganization? ./ >> i think -- i cannot say it caused the delays. once they decided that companies needed to demonstrate the ability to contain a blowout that that was the binding constraint until then. >> and when was that request made? when was the starting date for that? >> i am going to have to differ. >> when was the starting date for the blog printe-- blowout preventer? >> two different things. >> if it failed, could contain it, when did you say they must prove they can contain, even if we clarify in writing on november 8? how long was that after the moratorium began? >> it was then a month per >> the first moratorium was put in place in may. >> you have a six month moratorium and a month after, then you say you have to do that. ins'sn't this taking six, seven months to decide you have one more way to stop the oil industry? wasn't that reckless to say to go -- to go it

transocean of switser land accusing -- switser land, accuses the operations which they say compromisedrity of the wheel and compounded the risk. the assessments conducted by the government an bp are spreading the blame around. that explosion as we said last year dilled -- killed 11 people. spewed an estimated 06 million gallons of oil. hundreds of young people wearing masks went on the riots. no this -- this is some of what they d they threw bricks, bottles at each other an then at police vehicles. the violence between -- between these two sides, usually gets stronger to the buildup of the 12th of july. that's when thousands of protty tans march -- proty sans march in ireland. >>> san francisco's care not cash program could undergo changes under a ballot measure that will go before voters. some say the program leaves some homeless people out in the cold by setting aside too many beds and shelters. the chronicle reports that last night, five members of the board of supervisors agreed to place a measure on the ballot that supporters say will provide more equal access. critics call it a s

. >>> transocean released an internal investigation into last year's gulf oil spill. field services company criticized bp decision-making in the two weeks before the explosion and spill. >>> more than 50 large uncontained wildfires burning across the country right now. the biggest is arizona. residents of one town can go home but other areas still off limits. >>> flooding is the crisis in north dakota. 12,000 people have been told to leave their homes by this evening. the swollen river is expected to burst its banks. >>> after nearly a decade of war in afghanistan, today marks the beginning of the end. at 8:00 p.m. eastern, president obama will address the nation and outline his plans to withdraw the first troops from afghanistan. according to a congressional source, 10,000 u.s. forces will be pulled out by the end of this year. another 20,000 will be withdrawn by the end of next year. that will leave some 70,000 americans still serving there. now these withdrawal plans are shurg to ignite a new debate. many americans are fed up with the war. on the other end many mil

remember, the transocean rig involved in the deepwater horizon incident was 11 years old.e sort of technology. there's a lot of rigs out there that aren't equipped with the exact technology that this is claiming to provide. also this is just a lot more data being sent and a lot more efficient way. yes, you're getting some realtime data right now. it's not nearly what intel is offering to provide. >> do you see possibly this might be able to be used in other industries that could also benefit from this technology? >> well, that's the thing about this mysterious cloud that we hear so much about. you know, it's actually applicable to all sorts of different scenarios. imagine a nuclear plant where there's all kinds of monitoring going on and droves of data. if you have a place to send the data, it goes off, gets processed fast. it happens off site. there's not a lot of bulky equipment in addition to the equipment already there. sure, it could be applied from everything -- like i said earlier, your music or fastmoney.com's traffic which we use realtime data for or a nuclear pla

avoidable and that it resulted from clear mistakes made in the first instance by bp, halliburton and transoceanand by government officials. these were extremely difficult lessons to learn. now, more than a year later, officials in both the oil industry and our government appear to be heeding these lessons and retooling the way they do business. first, we must never, ever forget that 11 individuals lost their lives in an explosion on april 20th. to address deficiencies that contributed to these deaths, the interior department issued an improved workplace safety rule that many, including industry, believe will significantly enhance worker safety. the department also completely reorganized the minerals management service. mms had been criticized because it oversaw the safety of drilling, the environmental impacts caused by drilling, and the revenue generated from drilling. according to the national commission, mms had a built-in incentive to promote offshore drilling in sharp tension with its mandate to insure safe drilling and environmental protection. the department also implemented a number of

avoidable and that it resulted from clear mistakes made in the first instance by bp, halliburton and transoceanofficials. these were extremely difficult lessons to learn. now, more than a year later, officials in both the oil industry and our government appear to be heeding these lessons and retooling the way they do business. first, we must never, ever forget that 11 individuals lost their lives in an explosion on april 20th. to address deficiencies that contributed to these deaths, the interior department issued an improved workplace safety rule that many, including industry, believe will significantly enhance worker safety. the department also completely reorganized the minerals management service. mms had been criticized because it oversaw the safety of drilling, the environmental impacts caused by drilling, and the revenue generated from drilling. according to the national commission, mms had a built-in incentive to promote offshore drilling in sharp tension with its mandate to insure safe drilling and environmental protection. the department also implemented a number of critical safety me