Seeking Alpha
Value, contrarian, bonds, long-term horizon
Profile| Send Message|
( followers)  

Matt Simmons says 120,000 barrels a day are leaking from the hole where the Deepwater Horizon rig blew up in April. Scientists cannot detect where the well bore was, so the casing in the hole is gone. Simmons says this demonstrates it was not a rig fire but "one of the biggest blowouts we’ve ever had" and that the hole from where the oil is gushing is just an open hole now. He says the relief well will fail. And it may therefore be time to use nuclear weapons to deal with the BP oil disaster.

Much more in the video below

Source: BP Spill 'One of the Biggest Blowouts We've Ever Had'