Matt Simmons Revises Leak Estimate To 120,000 Barrels Per Day, Believes Oil Covers 40% Of Gulf Beneath The Surface

Tyler Durden's picture

Submitted by Tyler Durden on 06/15/2010 17:53 -0500

Matt Simmons was on Bloomberg earlier, adding some additional perspective to hisoriginal appearance on the station, in which he initially endorsed the nuclear option as the only viable way to resolve the oil spill. Simmons refutes even the latest oil spill estimate of 45,000-60,000 barrels per day, and in quoting research by the Thomas Jefferson research vessel which was compiled late on Sunday, quantifies the leak at 120,000 bpd. What is scarier is that according to the Jefferson the oil lake underneath the surface of the water could be covering up to 40% of the entire Gulf of Mexico. Simmons also says that as the leak has no casing, a relief well will not work, and the only possible resolution is, as he said previously, to use a small nuclear explosion to convert the rock to glass. Simmons concludes that as punishment for BP’s arrogance and stupidity the government "will take all their cash." Now if only our own administration could tell us the truth about what is really happening in the gulf…

 

 

Visit msnbc.com for breaking news, world news, and news about the economy

 

BP Admits That – If It Tries to Cap the Leak – the Whole Well May Blow

As I previously noted, oil industry expert Rob Cavner said that BP must "keep the well flowing to minimize oil and gas going out into the formation on the side":

This has just been confirmed by BP.
Specifically, BP’s Chief Operating Officer Doug Suttles told CNN last Thursday that BP’s data indicates that BP can’t cap the leaking oil, or it might cause the well casing to blow out:

Suttles denies that there is evidence that the well casing has already blown out beneath the sea floor.
But many experts – including experts working for BP – say that there is damage beneath the sea floor. Indeed, Matt Simmons told Bloomberg today that America’s top research vessel – the Thomas Jefferson – found that the well casing is gone, and can no longer even be seen on the sea floor, having been destroyed:

Advertisements