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Return to Transcripts key pageTHE situation ROOMPresident Obama to attend to the Nation; Oil Executives Under Fire ~ above Capitol HillAired June 15, 2010 - 18:00 ETTHIS IS A rush TRANSCRIPT. THIS COPY may NOT it is in IN that FINAL kind AND might BE UPDATED. Wolf BLITZER, elafilador.net ANCHOR: Also, president Obama is only hours away, two hrs away from delivering an Oval Office decided to the country about the Gulf disaster. What will he speak to reassure anxious Americans? and one U.S. Man sets the end to avenge 9/11 single-handedly, trying come hunt down Osama bin Laden himself, prior to being detained through Pakistan. We have actually details of the weapons he to be carrying. Plus, we will hear from his family members this hour. We desire to welcome our viewers in the united States and also around the world. I"m wolf Blitzer. You space in THE instance ROOM. It"s among the most very closely watched and also potentially prominent speeches one American president have the right to give, addressing the nation from the Oval Office in ~ the White House. In just two hours, president Obama will execute it because that the very first time, speak to Americans around the Gulf oil disaster. White house Press Secretary Robert Gibbs tells elafilador.net the president will lay the end a game arrangement for restore and also touch on the U.S. Dependence on fossil fuels. The speech follows Mr. Obama"s two-day tour of the disaster zone and also comes amid part criticism of his response to the catastrophe so far. The finest political team on television is was standing by for analysis. there is also breaking news us are following right now adding extra urgency to the president"s decided tonight. Government officials just announced even much more oil is flowing into the Gulf than previously estimated, possibly as lot as 60,000 barrels a day. ours homeland defense correspondent, Jeanne Meserve, is working this story. Jeanne, this story simply keeps on climbing and also climbing and climbing. JEANNE MESERVE, elafilador.net HOMELAND security CORRESPONDENT: You space right, Wolf. It goes up, and also up and then up some more. The federal federal government is now estimating that the circulation rate is between 35,000 and also 60,000 barrels of oil each and also every day. Consider this. In the an initial days, BP approximated the flow rate in ~ 1,000 barrels a day. The government upped the number to 5,000, however a special flow rate technical team of government and independent scientists later put that even higher at 12,000 to 19,000 barrels a day. Critical week, they revised their calculation upwards come 20,000 come 40,000 barrels, and also now we have actually this brand-new number, 35,000 come 60,000 barrels a day, the height number, a 50 percent increase from the previous luxury estimate. and Energy Secretary Steven Church says the top number is less certain, and the federal government will continue to revise its estimate. That way the number can go down or it could go greater still. About 15,000 barrels of oil a job are now being collected at the wellhead, however using these brand-new numbers, that method at best less than fifty percent the oil coming out of the well is being recovered, and it might be as small as one-quarter of the oil, Wolf. BLITZER: Why do these numbers store changing, Jeanne? MESERVE: Well, the federal government says much more and various kinds of data have come to be available. They particularly mentioned thorough pressure dimensions from within the optimal hat taken end the previous 24 hours. In addition, the researchers used more than a mainly of data about the oil gift collected, acoustic technologies and high-resolution videos. Since of the different methodologies, one member that the flow rate team claims it take it a lot of work for scientists to reach agreement on the brand-new numbers. There was a 10-hour conference in Seattle Sunday and also a three-hour conference speak to yesterday come hammer out these final numbers -- Wolf. BLITZER: And, together they say, they could change next week increase or down. Let"s see what happens. Jeanne, give thanks to you. Containment efforts at the website of that spewing oil well were temporarily shut down this particular day after a ship connecting the crude caught fire. BP states it was placed out quickly, nobody was hurt, the noticeable cause, lightning. just over one hour ago, the agency said operations had resumed. The fire taken place on the Discoverer Enterprise, which is collecting about 15,000 barrels the crude each day. right here in Washington, ~ above Capitol Hill, top politicians from significant oil companies faced sharp questioning native a residence committee, whose grilling placed a really unflattering spotlight on the whole oil industry and yielded one startle admission. Our an elderly congressional correspondent, Dana Bash, is authorized us now with details. Dana, tell us what happened. DANA BASH, elafilador.net senior CONGRESSIONAL CORRESPONDENT: Well, we learned the nearly all of the oil companies have the same or practically identical deepwater catastrophe plans together BP, and, in fact, 2 of those plans have actually the call number for an expert who has actually been dead for five years. (BEGIN VIDEOTAPE) BASH (voice-over): Five big oil executives sworn in because that the cameras. UNIDENTIFIED MALE: The entirety truth and also nothing however the truth? BASH: and also skewered by lawmakers, who dubbed all 5 oil spill plans the evaluation by the committee cookie-cutter and inadequate. REP. HENRY WAXMAN (D-CA), government REFORM COMMITTEE CHAIRMAN: ExxonMobil, Chevron, ConocoPhillips and also Shell are as unprepared together BP to be -- and that"s a serious problem. BASH: To show them together out of touch, the chairman berated the CEOs for including the defense of walruses in your oil spill plans. REP. EDWARD MARKEY (D), MASSACHUSETTS: over there aren"t any type of walruses in the Gulf that Mexico and also there have actually not been for three million years. REX TILLERSON, CHAIRMAN & CEO, EXXONMOBIL: It"s unfortunate that walruses were included. And it"s an embarrassment the they to be included, yet that"s component of a larger marine mammal examine that is offered in preparing regional response plans. BASH: To repaint a picture of one industry an ext worried about image 보다 safety, a PowerPoint they expose ExxonMobil"s media strategy in instances of disaster, had 13 pre-written press releases. REP. BART STUPAK (D), MICHIGAN: while ExxonMobil has actually 40 pages ~ above its media solution strategy, its arrangement for source protection is only five pages long, and also its plan for oil removed is simply nine pages long. BASH: climate a stunning moment of candor from the ExxonMobil"s CEO around its readiness because that a substantial oil bill. TILLERSON: once these things happen, we room not well-equipped to address them. BASH: however BP rivals were rapid to separate themselves native the Deepwater Horizon disaster. WAXMAN: girlfriend think the they make mistakes? The answer you would offer would it is in yes? TILLERSON: We would certainly not have drilled the fine the way they did. WAXMAN: and how about you, Mr. Watson? WATSON: We"ve just had a chance to take a look at your letter. It"s fairly lengthy, the course, v a variety of detailed comments. Our specialists are taking a look in ~ it. I have read the myself. And from what I have actually seen, it"s continual with what the joint sector task pressure found, the there -- we have an opportunity to raise the bar, if girlfriend will, on requirements in the industry, and also it certainly appears from her letter that -- that not all requirements that we would certainly recommend or the we would employ to be in place. MARVIN ODUM, PRESIDENT, covering OIL COMPANY: It"s not a fine that us would have actually drilled with that mechanical setup. john WATSON, CHAIRMAN and CEO, CHEVRON CORPORATION: That methods that we would certainly not put in location were -- to be employed here. BASH: but the democrats unloaded most of your anger top top BP, accusing lock of lowballing the lot of oil gushing right into the Gulf. MARKEY: space you ready to to apologize for acquiring that number so grossly wrong? LAMAR MCKAY, President and also Chairman, BP America, Inc.: i will simply reiterate what Commandant Allen said, is the those were no BP estimates. MARKEY: One last chance: apologize for acquiring that number wrong. MCKAY: we -- we space sorry for every little thing the Gulf coastline is going through. BASH: and also while some Republicans complained around the tone... REP. PARKER GRIFFITH (R), ALABAMA: Child-like, accusatory, mean- spirited, metal questioning. BASH: ... Others take it it increase a notch. REP. CLIFF STEARNS (R), FLORIDA: i would speak to for your resignation. I"m calling because that it today. I"m not asking for you to apologize. I"m asking you come resign. REP. JOSEPH CAO (R), LOUISIANA: In the Asian culture we do things differently. Throughout the samurai days, we would just provide you a knife and ask to you commit hari-kari. (END VIDEOTAPE) BASH: Now, not surprisingly, various other Republicans turned their anger not on BP, yet on chairman Obama. One Republican congressman referred to as him incompetent and a spectator in the stands. One more called administration" response disjointed, confusing and also frustrating. And, Wolf, every one of these legislator in both parties will have an additional chance in ~ venting their anger. They are going to have actually the controversial -- controversial BP CEO, Tony Hayward, before them top top Thursday -- Wolf. BLITZER: Yes. Top top Wednesday, tomorrow, the president will meet with the management of BP over at the White House. Dana, say thanks to you. As soon as President Obama addresses the nation on the Gulf disaster later on tonight, in ~ the following two hours, he will certainly be complying with a long heritage of U.S. Presidents make the efforts to relief an concerned country. Franklin Roosevelt set the tone v a series of fireside radio chats during the Depression and World war II. A generation later, john Kennedy was in the Oval Office speaking bluntly to Americans around the Cuban Missile Crisis. (BEGIN video clip CLIP) john F. KENNEDY, president OF THE united STATES: My other citizens, let no one doubt the this is a daunting and dangerous effort on which we have collection out. No one deserve to foresee exactly what food it will certainly take or what food or casualties will be incurred. Many months that sacrifice and self-discipline lied ahead, months in i m sorry both ours patience and our will be tested, months in which numerous threats and also enunciations will keep us mindful of ours dangers, but the greatest danger of all would be to perform nothing. (END video CLIP) BLITZER: Presidents have also used the Oval Office to lull Americans in time of tragedy, as Ronald Reagan go after the space shuttle Challenger disaster in 1986. (BEGIN video CLIP) RONALD REAGAN, president OF THE unified STATES: The crew the the space shuttle Challenger honored us by the manner in which they lived their lives. Us will never ever forget them, no one the critical time we saw them this morning, together they ready for their journey and also waved goodbye, and slipped the surly bond of earth to touch the challenge of God. (END video clip CLIP) BLITZER: more recently, George W. Bush offered encouragement come a stunned country from the Oval Office the night the September 11, 2001. (BEGIN video CLIP) GEORGE W. BUSH, president OF THE united STATES: America has stood down numerous enemies before, and also we will execute so this time. No one of us will ever forget this day, yet we go forward to defend freedom, and all that is great and just in our world. say thanks to you. Great night. And God bless America. (END video clip CLIP) BLITZER: Jack Cafferty is coming up following with "The Cafferty File." Then, BP"s credit rating takes a major hit, fueling new concerns about feasible bankruptcy -- what it can mean to American taxpayers. Also, shocking finds in some interior oil documents. I will certainly talk about that and also today"s grilling that some optimal oil executives with Congressman Henry Waxman. Plus, what we are learning about the American man and -- who tried single-handedly the hunt under Osama bin Laden. His household is currently speaking out about his mission. (COMMERCIAL BREAK) BLITZER: Jack Cafferty is here with "The Cafferty File" -- Jack. JACK CAFFERTY, elafilador.net ANCHOR: Remember earlier how lock were telling us health care reform was an alleged to do health treatment affordable for all Americans? Well, that"s not what"s happening. A new report says employer health care costs will certainly go up one more 9 percent in 2011, and you can bet the the service providers will pass follow me those higher costs to their workers. PricewaterhouseCoopers" inspection of 700 employers mirrors they arrangement to offset prices by raising deductibles. By 2011, much more than 50 percent of employees will have actually a deductible the $400 or more. That"s contrasted to only 25 percent who paid that lot in 2008. Also, 13 percent of carriers say their primary plans in 2010 had deductibles of more than $1,100. That"s more than twin the level in 2008. If these troubling trends continue, health care will end up being less affordable for people who actually have health insurance, and, in the end, the health treatment law will certainly be little much more than another gift to the insurance and also pharmaceutical companies and yet one more burden on the taxpayers. Republicans room trying to capitalize on this. An ext than 70 incumbent lawmakers and more than 330 GOP candidates have actually signed a pledge come support regulation that would repeal the health care law and replace it through something much less costly if they victory in November. Meanwhile, Democrats are hoping, as much more parts of the legislation take effect and also the public feels the benefits, lock will obtain behind it. But, for now, the polls still display that majorities of americans oppose health care reform months after it was literally shoved down our throats. Here"s the question: If the republicans win regulate of conference in November, must they repeal health care reform? walk to elafilador.net/caffertyfile. Article a comment on my blog. BLITZER: Jack Cafferty, thank you. We space counting down to the president"s Oval Office attend to to the country on the oil disaster, much less than two hours away. Our one-of-a-kind coverage begins right at the optimal of the hour ~ above "JOHN KING, USA." Let"s gain some understanding into what the is expected to say. Man is here, along with Gloria Borger, our an elderly political analyst. Gloria, I know you have been working your sources. GLORIA BORGER, elafilador.net senior POLITICAL ANALYST: Sure. BLITZER: What room you hearing, some of the key points the president desires to do tonight? BORGER: Well, first of all, Wolf, this is really no a speech around soaring rhetoric. That is about accountability. That is about credibility, and it"s around showing that the president is in control. First, what that is walking to execute is going come walk through what happened due to the fact that April, what the an answer has constructed -- been. Climate he is going come talk about the plan moving forward. That is going to talk about the cleanup, and also how that is going, a setup to help the Gulf, and also how we make sure this never, ever happens again. climate he is walking to take it a turn and going to talk about a larger speak to for energy independence, which, together you know, has constantly been a big theme... (CROSSTALK) BLITZER: and also this is what the Republicans are really upset about right now, John. They don"t think the is proper at a time of situation like this for the president to use this minute to go for his controversial cap-and-trade energy legislation. man KING, HOST, "JOHN KING, USA": lock don"t think it is suitable because they oppose to policy. Many Republicans do. BORGER: Right. KING: and so that will be one of the subsets that this debate. The president"s an obstacle is, one, to try to advance component of his agenda -- and also that is one piece of it, climate and also energy -- because his agenda has just been overshadowed through this. This is a an essential pivot point of his presidency. Have the right to he get ago to various other issues, as he deals with the Gulf spill? But, Wolf, that is a large challenge, since the chairman is using -- you understand it from spanning the White residence so lengthy -- the most hallowed ground on the campus, the Oval Office, to speak to the American people. He desires to, as Gloria said, say: I"m in charge. I get it. I understand this is a vast challenge. Yet, the can"t price so plenty of questions. Us just acquired that brand-new estimate. This is currently 13 times the size of the Exxon Valdez. Lock don"t recognize when they will be able to shut the off. They expect the center of August. Castle don"t know how much oil is under the water causing horrendous damages to the setting there. When deserve to the fishermen go earlier to work? will certainly he to speak anything about his deepwater drilling moratorium and also when those guys deserve to go earlier to work? So, it is a huge difficulty for a leader as soon as you don"t have some that the answers to the crucial questions to shot to convince the American people, who plainly are skeptical right now, that: ns am in fee of this. I gain it. And if we can have been slow-moving at the beginning, we will be far better now. BORGER: Well, the is a large credibility problem for the now, don"t friend think, since we, the government at least, agreed v BP"s estimates at the beginning, that this was 5,000 barrels. Well, and also now, we space up to an calculation that is so big that the president has to kind of obtain that credibility back, and likewise tell the American public, we are going to hold BP accountable, and that, through the way, between BP and also the commonwealth government, we have the right to actually execute this, in ~ a time when world don"t to trust the government to do lot of anything. BLITZER: and also in this new AP poll has actually approval or disapproval of the way the president is taking care of this oil catastrophe -- 45 percent approve of his job so far -- 52 percent disapprove. He has acquired a most work front of him. We"re going to be spanning this transparent the night. Man is walking to have special coverage comes up right at the peak of the hour. In ~ 8:00 p.m. Eastern, the president addresses the country from the Oval Office. Continue to be with elafilador.net transparent the evening. Rhetoric heater up ~ above the korean Peninsula, v the phibìc making a new threat that war. We are following the rising tension. Plus, Congressman Henry Waxman on today"s grilling of height oil executives through his committee. Wherein were the hard questions prior to the Gulf disaster? (COMMERCIAL BREAK) (NEWS BREAK) BLITZER: massive plans for public relations, but reasonably small plans because that an actual oil disaster. What various other embarrassments were revealed in today"s grilling that oil executives ~ above Capitol Hill? I will ask Congressman Henry Waxman. He"s was standing by live. Plus, the American male who tried to avenge 9/11 through himself, his family is now speaking out. (COMMERCIAL BREAK) BLITZER: "Cookie cutter plans" -- the is just how one lawmaker explains oil company disaster plans. Joining united state now, the man who offered those indigenous in today"s hearings up on Capitol Hill v oil executives, Congressman Henry Waxman is the chairman the the home Energy and also Commerce Committee. I recognize that your subcommittee organized the hearings today, Congressman Waxman. Thanks an extremely much because that coming in. WAXMAN: My pleasure to be v you. BLITZER: What is the most shocking point you learned today? WAXMAN: The most shocking point we learned today is that all of the other major oil companies have a very great plan to address an oil spill. They have all been prepared by the same consultant, and they"re precisely the same setup as BP, i beg your pardon is no doing an extremely well in taking care of its oil spill. In fact, every of the service providers said lock could address a oil spill much greater 보다 the oil spill the we currently have indigenous BP. For this reason it renders me wonder, if that looks great on paper, that doesn"t necessarily typical they are going to have the ability to handle the in real life, since BP absolutely is not dealing with it well. BLITZER: therefore what i hear you saying is that none the these major oil companies are really prepared for a disaster, a spill favor this one? WAXMAN: Well, it definitely makes me wonder if they are ready for it when all they have is a arrangement that come consultant all set for them and BP, and also it is the exact same plan. So that -- I would certainly not feeling comforted that any kind of of those oil providers could manage this situation any better than BP. BLITZER: girlfriend released papers this week saying that BP executives were an ext concerned around saving a few dollars 보다 they were around safety and security. And also as a result of that, not just this disaster, however 11 males are dead. right here is the question, as far as a criminal examination is concerned, the righteousness Department has actually an investigation under way, however what else do you desire to happen? WAXMAN: on Thursday, we room going to have actually the chief executive, management officer that BP show up before one of the subcommittees... BLITZER: You room talking about Tony Hayward. WAXMAN: Tony Hayward. And I composed this letter come him based upon his documents, e-mails from world within his company, statements the were do by some of his own contractors recommending things that they needed to do. And also in 5 instances that we pointed out, he took a faster way -- no he himself, yet BP take it a shortcut. And that every shortcut increased the threats of precisely what had actually happened. BLITZER: Is the criminal? WAXMAN: Well, i don"t know. It will certainly be approximately the justice Department. Yet one the the human being in the market when us consulted v them said, this is pistol negligence. Lock didn"t execute things that people in the industry were doing. In fact, the CEOs the the various other oil providers today stated that they would not have actually handled their drilling the means BP did. They would have made sure the oil well had actually integrity. The they had actually tests excellent to be certain that the cementing was adequate. That they centered the well. That they had actually done all of these different tests that room standard practice. however BP decided it would certainly take too long to carry out these thing, the would cost extra money. They to be frustrated, it was acquisition them a long time to obtain this fine going. And also so they decided to go complete speed ahead without doing all of the things that it appears pretty clear they should have actually done. BLITZER: here is the dilemma girlfriend face. If you walk too difficult on BP, that agency could go bankrupt, and U.S. Taxpayers in the end can spend billions the dollars taking care of the after-effects of this. You are walking a vulnerable tight rope right now, aren"t you? WAXMAN: Well, ns don"t know about BP"s jae won situation, however they have to be held accountable, and what we room looking at is the information as to what they should have and also should not have actually done leading approximately the oil spill. We need to do that for two reasons. One, we need to hold lock accountable, everything their financial instance may be, the is their problem. However secondly, come be certain we never have something choose this occur again. Even the oil -- various other oil executives stated they wouldn"t execute these type of practices. Well, if we"re going come have any kind of kind of drilling, wherever it is, we ought to have actually clear guidelines that will certainly be compelled of all of the oil companies connected to protect the public interests, to defend safety, to safeguard their own workers. BLITZER: together you know, Congressman, there room plenty of movie critics of BP, many of movie critics of the executive branch, the department of Interior, for failing come regulate, failing to do its oversight. Yet there space plenty of doubters of Congress, together well. where was Congressional oversight of the room of Interior, the MMS, for example, before this incident? execute you great you had done much more that potentially could have impede this? WAXMAN: Well, everybody wishes they might have excellent more, I"m sure. Civilization in the room of Interior and the administration. You would certainly hope civilization in the press -- past administration, because they were the ones generally in charge throughout the time MMS ran into real scandals the -- of collusion and also corruption with the oil industry. and Congress could have done more. yet we room a challenged with what castle have. And it doesn"t absolve BP, if they to be cutting the corners and also the remainder of us didn"t know about it, since somebody else didn"t know about what they were doing. BLITZER: The criticism will certainly go on, i suspect, for years and years. Congressman, thanks very much and good luck v your hear on Thursday. WAXMAN: OK. Good. give thanks to you really much, Wolf. BLITZER: every right. Congressman Henry Waxman the California. to be BP opposed to government regulation of the oil sector long prior to this substantial spill ever before occurred? elafilador.net has just acquired a letter the the oil large sent come a White home task pressure last year. The details coming up. and also what would certainly possess an American now detained in Pakistan come personally go after Osama bin Laden? stay with us. You"re in THE case ROOM. (COMMERCIAL BREAK) BLITZER: Police in Pakistan are now holding a California man who was supposedly on a personal mission come hunt down Osama bin Laden. elafilador.net"s Brian Todd has actually been working this story for united state -- Brian, I recognize you"re likewise getting some info from family members members? BRIAN TODD, elafilador.net CORRESPONDENT: That"s right, Wolf. What we understand now is this man"s surname is Gary Faulkner. And also this is one of the last known pictures of him. His brother gave an interview come elafilador.net saying Faulkner to be angered through what he referred to as "Osama bin Laden"s taunting the America after September 11." and he states Faulkner made the his personal mission to lug down the Al Qaeda leader. (BEGIN VIDEOTAPE) TODD: (voice-over): His brother states Gary Faulkner take it the September 11th attacks really personally -- so personally, claims the brother, that he"s been to Pakistan 6 times make the efforts to uncover Osama bin Laden. This time, Gary Faulkner is in Pakistani custody. Pakistani officials phone call elafilador.net he was picked up in the area about Chitral, walking towards the border v Afghanistan, delivering a sword, pistol, night vision equipment and also Christian spiritual books. In Denver, Dr. Scott Faulkner called elafilador.net"s Jim Spellman his brother was choose a bulldog in his pursuit to uncover bin Laden. But... DR. SCOTT FAULKNER, brother DETAINED IN PAKISTAN: that is no psychotic. That is schizophrenic. He doesn"t listen voices. He"s a very passionate person. And also most civilization go with their stays without passion. They don"t have actually something the they truly think in and would offer up every little thing in their life for. Is this mine passion? absolutely not. but is it my brother"s? that is. TODD: Scott Faulkner says his brother, the earliest of four children, is a divorced building worker v a get an impressive son. Dr. Faulkner says as soon as he drive Gary to the Denver airport two weeks ago... FAULKNER: i assumed the it can be the critical time I experienced my brother. And also we talked about his trip. Ns asked him especially what he want me to perform if he came back in a body bag. And he gave me those instructions. but he went through a confidence. And also on every one of his trips, he"s been really confident. And also having seen my brother now, five or six times, leaving the country, i knew the he would certainly be OK. TODD: but Scott Faulkner says his brother has kidney problems and also is in desperate require of dialysis. It"s no clear whether Gary Faulkner was after the $25 million prize for details leading to bin Laden"s capture. i asked elafilador.net terror analyst, Peter Bergen, around that. (on camera): Is the area kind of rife with bounty hunters, American and otherwise? PETER BERGEN, elafilador.net nationwide SECURITY ANALYST: No. I average the area is not ripe with bounty hunters, partially because, friend know, trying to find bin Laden is no easy. Secondly, it"s -- the whole an ar is fairly dangerous. Thirdly, friend know, together an outsider, and an especially a Western and American, you"re going to stick out favor a sick thumb. TODD: Scott Faulkner was asked if that tried to speak his brother the end of going. FAULKNER: Well, I recognize my brother. And he had a focus in mind. He had actually a purpose in mind. And also if he met his maker, then I understand where I"d view him again, in heaven. carry out I want my brother to dice this way? No. would I choose to view him obtain Osama? Absolutely. So would I -- no lot of my talk to my brother Gary was going to prevent him indigenous going. For this reason I saved my breath. (END VIDEOTAPE) TODD: Scott Faulkner told united state his brothers was working v other world -- people, the said, who offered him info on bin Laden"s whereabouts. He would not give any kind of names, but he claimed they to be locals. elafilador.net has gained no indication native Pakistani police the there were other people involved. His brother claimed there was a neighborhood policeman assigned to clock Gary, a fairly common event in that region, but that Gary had actually ditched the policeman in recent days -- Wolf. BLITZER: was this guy, as much as we know, on the radar that U.S. Intelligence or legislation enforcement? TODD: the U.S. Counter-terrorism and intelligence public representative tell united state he was not on their radar. 2 State room officials tell united state they are "baffled" by this case, the they"ve never heard the this guy. ns spoke come a U.S. Official at the embassy in Islamabad, who claims they expect to interview that soon. They"re do the efforts to acquire consular accessibility right now. They should be able to meet v him soon. He"s being hosted in Peshawar. BLITZER: We"ll watch what wake up to him. Thanks really much because that that, Brian. We"re counting down right now to the president"s speech to the country tonight ~ above the Gulf oil disaster. Our special coverage begins right in ~ the optimal of the hour ~ above "JOHN KING USA." stand by. and also what happens if BP go bankrupt? Details of what happened today that"s causing brand-new concern. Plus, details of a letter BP sent to a White house task force last summer fighting raised oversight. (COMMERCIAL BREAK) BLITZER: In September, president Obama created a task force to research environmental problems related come the oil industry. He provided it 180 days come recommend means to defend our nation"s waterways. elafilador.net derived a letter indigenous BP to the task force outlining concerns over the new national policies. Let"s lug in elafilador.net"s Abbi Boudreau. She"s functioning the story for us. What walk you discover -- Abbi? ABBI BOUDREAU, elafilador.net CORRESPONDENT: Well, Wolf, the BP letter to be in solution to the report issued by the government task force. That is a broad overview and insight into how BP viewed federal government controls and also regulations of the oil industry. This 4 page letter was written in September the 2009. The firm made that clear that existing regulations to be working just fine and also they didn"t need additional oversight. In fact, it claims the Minerals administration Services, which has been criticized, even by the president, to be an effective management system. Now, the letter go on to say, quote: "We agree the it might be an ext time and cost-effective to boost the current ocean administration system 보다 to create a new structure. If we support the initiative to start establishing a national ocean policy, we would be concerned about policy that substantially increases bureaucracy." In various other words, it shows up BP didn"t seem to want additional government involvement. Obviously, after ~ the pour out in the Gulf, the oil market is encountering -- faces more safety regulations, also as more oversight. And, Wolf, it will certainly be amazing to view if the president will attend to this exact issue tonight -- Wolf. BLITZER: I suspect he"ll say something about it. However we"ll find out sooner quite than later. Abbi, thanks very much. BP"s credit transaction rating take it a stunning 6 point drop v one major agency, plunging to near junk status. That"s fueling worry the agency could walk bankrupt as a an outcome of this disaster. Lisa Sylvester is looking into this for us -- Lisa, what space the experts saying? LISA SYLVESTER, elafilador.net CORRESPONDENT: Well, Wolf, friend know, in ~ this point, no one has actually a crystal sphere to know specifically how this is every going come play out. However outside experts say BP"s mounting expenses have make bankruptcy one possibility, that it could actually be used as a financial maneuver to control the farming costs. however right now, BP executives space insisting the the agency is financially healthy, also with every one of its liabilities. (BEGIN VIDEOTAPE) SYLVESTER (voice-over): BP officials to speak the company will pay all legitimate claims for those that have suffered financial losses from the oil pour out -- a price that"s almost particular to exceed the $75 million liability lid under existing law. UNIDENTIFIED MALE: We"ve said that that, that us will ignore that cap and also that lid is irregularity for this certain matter. UNIDENTIFIED MALE: and do the cash to make reservation of the firm suggest that you"d have the ability to do that? UNIDENTIFIED MALE: We think so. SYLVESTER: BP has currently spent $1.6 exchange rate on cleanup claims and also attempts to plug the leak. And the tab proceeds to climb. The mounting potential costs prompted Fitch ratings firm to downgrade BP to just above junk status. This is the second Fitch downgrade in less than a month. autonomous lawmakers desire BP to collection up an escrow fund of $20 billion to make certain the firm can sheathe its future liabilities. SEN. RON WYDEN (D), OREGON: What"s going to issue most is protecting those who have been injured. Helping them is going to need to come prior to profit. And also our -- our check out is that the best method to make this company as rewarding as feasible is to display people, and also show them with some measure up of confidence, the they"re gaining on height of this cleanup issue. SYLVESTER: To be sure, BP has a most resources. The company"s profits last year -- $17 billion. However the stock price has actually been hammered. The firm has shed $90 billion in value since the spill. One oil and gas jae won analyst says also if the company doesn"t declare bankruptcy, the could end up being a take over target. FADEL GHEIT, OPPENHEIMER & COMPANY: us don"t want to death the goose that laid the golden egg. We don"t desire to placed BP the end of business. We need to remember the BP contributes to our economy. BP is our biggest oil and also gas producer. (END VIDEOTAPE) SYLVESTER: and BP employs 23,000 American workers. The firm says there space three times an ext BP workers in the United claims than any other country. So also though this firm isn"t walk to be winning any corporate citizens awards in the near future, a many of people don"t desire to check out BP walk under -- Wolf. BLITZER: Lisa, thanks an extremely much for that explanation. For much more on the president"s Oval Office address, coming up in a little much more than one hour native now, we"re join on the -- top top the phone by elafilador.net"s Anderson Cooper. He"s in brand-new Orleans. He has been there for some time -- Anderson, based upon the conversation you"re having with a many of human being there, what do they want to hear native the president? ANDERSON COOPER, elafilador.net ANCHOR: friend know, i think they desire to hear exactly how the president believes things space going. I typical there has been a many talk. I"m no sure human being here really type of believe a many the stuff they have actually heard. Friend know, they desire reassurance that -- that Louisiana is not going to it is in forgotten, that the Gulf says are not going to be forgotten and that BP is going to be organized accountable in regards to -- that paying, friend know, every -- every one of the legitimate claims. BP might -- has, friend know, has actually said the that"s what they"re going to do. The idea of some kind of collection aside money is -- is an extremely popular here. And, of course, girlfriend know, us just gained these brand-new estimates that the circulation rate. However again, the calculation is now -- you know, 60,000 barrels a work is currently the top range, i m sorry is what elevation scientists have said all along. And also that type of just adds come the feeling of -- of shock that a lot of of civilization have here -- simply not believing what the federal government is saying and also certainly not believing what BP is saying. BLITZER: Yes. I typical I -- ns wouldn"t be shocked if following week they stated 80,000 or 100,000, the way it"s been escalating. COOPER: Yes. I mean it was just last week the they -- lock upped the calculation to the upper limit of about 40,000. Currently the upper limit is -- is 60,000. for this reason it"s -- you know, I average they -- the -- girlfriend know, it sort of restates the obvious, which is the all along, BP -- and also early on, the government, also -- to be -- were kind of saying, well, you know, the actual lot doesn"t yes, really matter, that we"re managing the worst instance scenario. We definitely now know they were not up because that -- because that worst situation scenario. Lock didn"t have actually a sense of how big this to be or if they did have actually a sense, castle -- they weren"t publicly admitting it. but the reality that they"re just now, still, trying to get devices in to be able to -- to address the oil that"s flowing that the chairman is currently saying that by mid-July, they"ll have devices that can resolve up to 50,000 barrels of -- of oil a day. Still, friend know, if -- if they to be able to resolve the worst situation scenario early on, castle wouldn"t it is in bringing that devices in now. BLITZER: Anderson is going come be through us throughout the evening for our coverage and also a distinct "A.C. 360" at 10:00 p.m. Eastern later on tonight, with complete evaluation and coverage of what is going on. Anderson, thanks. Jack Cafferty is comes up next. and at the peak of the hour, our one-of-a-kind coverage of the chairman Obama"s address to the country will start on "JOHN KING USA." and it might -- it could even happen to one of America"s top soldiers -- passing out in public. elafilador.net"s Jeanne Moos will certainly take a Moost unexplained look. (COMMERCIAL BREAK) BLITZER: It"s time to check ago with Jack for "The Cafferty File" -- Jack. CAFFERTY: Wolf, if the Republicans to be in control of congress in November, have to they repeal health care reform? Julie writes indigenous Louisiana: "Don"t be shocked, yet my husband, that is self-employed, payment $1,100 a month in premiums for both of us. And we have actually a $3,300 deductible because that each the us. We would welcome a $400 or even an $1,100 deductible. This health care reform bill will not assist us at all. And if that goes up any more, which the does every year, we will not be able to afford it." terrycloth in north Carolina says: "No. This is the only real regulation to help people that has actually passed in decades." Shirley says: "Our wellness insurance premiums went up 30 percent long before the wellness care setup passed. The insurance suppliers would have actually raised premiums no issue what happened and also the health care bill is simply an pardon to amount say to that the consumers. It"s a an excellent thing to insure an ext of the uninsured, because we all pay for them once they gain sick." Bob says: "Most that the health care reform procedures don"t take impact for a couple of years. It"s lot too quickly to say the reforms must be repealed." Ames writes: "It need to be repealed no matter who wins. This misguided legislation must go and also be replaced with one that minimizes government involvement and also cost." Marilyn in Arizona: "Not unless the Republicans have actually a better idea. And I doubt lock do, because they"ve had plenty that time come tell us around it if, in fact, they have actually a better idea." Mike writes: "Yes, it demands to be repealed. It have to never have actually been happen to start with. It was compelled on us by a bunch that sleazy backroom bribes and deception -- not exactly the adjust I to be looking for." and also Michael says: "I certain hope not. Jack, walk the health care arrangement cover suicide? due to the fact that you"re death me. Fox News called and they desire you back." If you want to read much more about this, you deserve to go to my blog in ~ elafilador.net/caffertyfile -- Wolf. BLITZER: say thanks to you very much, Jack. Don"t leave. Don"t go to Fox News. Us don"t want you -- we desire you here. perform you recognize what I"m saying, Jack? CAFFERTY: Yes, sir. I acquired it. BLITZER: OK. Thank you. CAFFERTY: OK. BLITZER: chairman Obama is gaining ready to deliver his very an initial Oval Office address. elafilador.net will have special coverage that the speech start at the optimal of the hour v "JOHN KING USA." and General David Petraeus suffers a many unusual and unfortunate moment. our Jeanne Moos will have actually a closer look. continue to be with us. You"re in the situation. (COMMERCIAL BREAK) BLITZER: every right, here"s a look at some hot Shots. In Botswana, Prince Henry and also Prince william arrived because that a visit in ~ an education center. In Indonesia, an elephant takes a remainder at a conservation area. The elephants are becoming endangered by illegal logging that destroys their habitat. top top the border between Kyrgyzstan and Uzbekistan, a medical professional throws medicine to a refugee. and also in Kyrgyzstan, a mrs cries for aid after job of deadly dispute in the ex-Soviet republic. hot Shots -- photos worth a thousands words. It"s a Moost unexplained and, in ~ times, humiliating sight. our Jeanne Moos takes a closer look in ~ what happens as soon as public figures pass out. (BEGIN VIDEOTAPE) UNIDENTIFIED MALE: The exact same with the funding... JEANNE MOOS, elafilador.net CORRESPONDENT: (voice-over): in ~ least basic Petraeus to be sitting down once he collapsed. john McCain remained in mid-sentence. SEN. Man MCCAIN (R), ARIZONA: The best way to... MOOS: Looking straight at the general, with surprise written anywhere his face. You could even hear that mutter. MCCAIN: Oh, my God. MOOS: as aides rushed to the general"s side and also photographers rushed to obtain the shot, general Petraeus was led far under his own power. Five minutes later, he went back to a ring of applause, saying it was simply a instance of dehydration. GEN. DAVID PETRAEUS, U.S. ARMY: the wasn"t councilor McCain"s questions, I assure you. MOOS: Remember once the first President bush ended increase sick under the table in ~ a Japanese state dinner? He to be still joking about it year later. BUSH: The ugliest component was mine dear girlfriend from las Vegas, Sig Rogich, was offering me mouth to mouth resuscitation. MOOS: as soon as Marie Osmond was on "Dancing with The Stars"... (VIDEO CLIP) MOOS: -- she fainted. (BEGIN video clip CLIP from "DANCING v THE STARS," COURTESY ABC) UNIDENTIFIED MALE: of the samba -- oh. (END video clip CLIP) MOOS: and also after they visited commercial... (BEGIN video clip CLIP indigenous "DANCING v THE STARS," COURTESY ABC) UNIDENTIFIED MALE: and also the first words the end of her mouth when she saw united state all leaning over her were, "Oh crap." (END video clip CLIP) MOOS: when Bill Daly to be nominated for business secretary by invoice Clinton, his faint... invoice DALY: attach me top top these... MOOS: -- was recorded from two different camera angles. DALY: accompany me top top these... MOOS: and look that helped record him -- elafilador.net"s wolf Blitzer. At the very least when constant folks collapse... UNIDENTIFIED MALE: as a result, together a result... MOOS: -- over there aren"t cameras ~ above you, as there were on then Attorney general Michael Mukasey. And if you"re the prime minister that Italy, it"s prime time every the time, particularly when you"re not in her prime. Sometimes the cameras aimed in ~ the bigwigs catch a fainter in the background. (BEGIN video CLIP, COURTESY WBAK) UNIDENTIFIED CHILD: i fainted in front of the governor. Oh, no. (END video CLIP) MOOS: over there she goes. william CLINTON, former PRESIDENT that THE united STATES: and the wellness system the everybody agrees were there... MOOS: and being a guest on glen Beck"s present can leaving you light-headed. (BEGIN video clip CLIP, COURTESY FOX NEWS) glenn BECK, HOST: space you all right? UNIDENTIFIED MALE: I"m passing out. BECK: OK. space you OK? carry out you want to hang on? UNIDENTIFIED MALE: I"m pass out. BECK: OK. Why don"t girlfriend -- do you want to sit down? UNIDENTIFIED MALE: walk on. BECK: OK. UNIDENTIFIED MALE: all right. Whoa, whoa, whoa you, OK? BECK: OK. can somebody aid him, please? (END video CLIP) MOOS (on camera): but imagine having a fainting spell while you"re trying come spell this. It method fox-like. (VIDEO CLIP) MOOS: secs later, this 13-year-old finalist to be up and spelling. (BEGIN video CLIP, COURTESY ESPN) UNIDENTIFIED MALE: A-L-O-P. (END video CLIP) MOOS: A word not for the feint the heart. (BEGIN video CLIP, COURTESY ESPN) UNIDENTIFIED MALE: I-D -- A-L-O-P-I-D. (END video CLIP) MOOS: Jeanne Moos, elafilador.net, new York. (END VIDEOTAPE) BLITZER: That"s all the time we have actually right now. I"ll be ago in one hour about the president"s Oval Office address. I"m wolf Blitzer in THE case ROOM.


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