In his May 28th interview with Bloomberg's Mark Crumpton and Lori Rothman, Matt Simmons of energy investment bank Simmons & Company, provides some stunning revelations on what is really occurring in the Gulf of Mexico, and proposes that the only effective way to contain the leak is to relieve BP, bring in the military, and do what the Russians have done on comparable occasions, namely explode nuclear weapons within the wellbore. Simmons knows what he is talking about. As Jim Bianco points out: "Matt Simmons gained fame with his book 2005 Twilight in the Desert where he claimed that the Saudis were overstating their oil output because they hit “peak oil.” Right or wrong Simmons claimed the price of oil was going to skyrocket and three years after the book’s release the crude oil hit $147/Barrel. In January 2009 the WSJ called Simmons one of the five most important voices in the oil industry. Simmons has been wrong in the past and his views are non-conventional and often correct. Simmons is also highly connected within the oil industry so he knows who to talk to verify his claims." In addition to his radical solution, Simmons also points out that "Top Kill" is a sideshow and the real problem is 5 to 7 miles away, where a second fissure is "releasing a plume the size of Delaware and Maryland combined." If Simmons is indeed right, and the only recourse left to Obama is to nuke the seabed, the repercussions for his already shaky political situation will be tremendous.
h/t Jim Bianco and The Intel Hub