Simmons Discusses BP's Oil Leak in Gulf of Mexico July 21

[the white rabbit]

Simmons Discusses BP's Oil Leak in Gulf of Mexico http://www.youtube.com/watch?v=DwX9RXFRJD4

[the riot act]

Two wells in the drilling plan, two locations, permits issued (one for Marianas, one later for DWH) for drilling at location B only. His followers will be so disappointed - they seem to want that second hole and the 120,000 bbls/day of miraculously heavier than water oil gushing into Lake Simmons.

Then there's this notion oozing around that Simmons' mystery hole was created by a secret relief well. Why drill a relief well when the original hadn't been completed? Apparently the reason would be to feed conspiratorial fires on the internet, and that's good enough.

Oh, wait, I forgot. BP drilled an unpermitted CIA approved well at a secret location in secret. They did it at night with no lights on, radio silence, engines off. They didn't want anyone to find out that they'd tapped into a 300,000 million bbl motherlode that was supposed to provide fuel for the CIA's secret war in Iran. They drilled that well so deep that only the Australians knew about it. The Hollow Earth people got pissed because it cut through their territory. They sabotaged the secret well and that's what happened. Matt Simmons can only hint around about it because if he spills too many beans the CIA will cap him.

[crazychicken]

Well that explains a lot!

CC

[the riot act]

Also Posted at Zero Hedge:

I have met Matt, and read most of what he has written. I have never had a hint that he's crazy, provocative maybe, but not crazy. His theories about peak oil are well reasoned and researched. Of course, this reputation is why people are taking him so seriously.

Clearly, what we have been watching for the last 3 months simply couldn't be the oil left in the riser. It always looked like about a barrel per second to me, which is 84,000 barrels per day, which corresponds pretty closely with what everybody has been saying. The mile long riser would have been depleted in a few minutes, not to mention its pressure would have dropped to zero immediately.

The only thing that makes sense (well not really) is that the first well drilled by BP blew out at the well head and this second well (the one we see on TV everyday) was actually a relief well for that first one. Then there was a second blow out that did what we know to the Macondo 252, but the first well scattered its casing all over ocean floor, and is a leaking volcano of oil some 5(?) miles from the Macondo well.

Imagine this at the bottom of the ocean .... http://en.wikipedia.org/wiki/File:Lakeview1Gusher.jpg

I consider this extremely unlikely, and is really an attempt on my part to understand how Matt could be correct with just a few lingo slip ups. This would be catastrophic for both BP and the administration. I can see BP lying about that because they could go to jail, but not the government.

But Matt's not a young guy, so maybe he's suffering from dementia. That would be sad. Wacky stuff for sure.

[FunnyMoney]

Well here's to hoping Simmons is completely wrong on this. Another gusher out of control and kept secret could be a step up on the disaster scale and things are already terribly high on that scale. The lack of good information, now months into the event, is also quite worrisome.

[the riot act]

From Wikipedia:

Matthew Simmons, founder and chairman emeritus of Simmons & Company International, is a prominent advocate of peak oil. Simmons was motivated by the 1973 energy crisis to create an investment banking firm catering to oil companies. In his previous capacity, he served as energy adviser to U.S. President George W. Bush. He is a member of the National Petroleum Council and the Council on Foreign Relations.

He's a neocon, and has plenty of supporters here obviously.

[keehah]

Don't forget the issue about Matt is that so far 3 1/3 of his five original disclosures three have since been admitted as reality by BP and the Agents.

Now admitted reality were Matt's disclosure of lakes of subsurface oil, and two drill pipes in the BOP, and leaking well casing.

The fourth I agree with, pregnant women within a few miles of the Gulf should move away from the risk of airborne chemicals. Like 9/11 the government will only admit this danger as common sense and documented sickness rates force it to years later.

As for the fifth, larger leak miles away, I only rate this 1/3 right. As of this writing the MSM is only admitting small leaks in the area.

What bothers me most about the honesty of this Matt phenomena: For two or three weeks now Matt has been making confusing discussions about leak from drilling riser and the BOP. For weeks now I have been watching him make the same mistake that does not jive with what everyone else has been seeing, and yet no interviewer has asked him to clarify this.

Perhaps one could claim that some of this riser leak statements could also be confirmable predictions to ad to any such confirmation list, but I have not included them as I still don't understand what he is saying here.

[the riot act]

Well written article on "Debunking Matt Simmons".

http://www.consumerenergyreport.com/2010/07/23/is-matt-simmons-credible/

Everyone whom took might take Simmons seriously should read.

[keehah]

Well written article on "Debunking Matt Simmons".

http://www.consumerenergyreport.com/2010/07/23/is-matt-simmons-credible/

Everyone whom took might take Simmons seriously should read.


These are the points from the article. A weak article since time has yet to tell for most of them. As for point 4, I recall an interview when he first said "up to" '500 feet thick, 100 miles wide'. He then repeated this statement without the 'up to'. Which brings me to my main complaint he has not been nailed to in a competent interview yet.

Simmons’ Sensational Claims on the Gulf Spill
In these and various other interviews, Simmons claims:

1. Use of a small bore nuclear device is the “only option” to stop the flow of oil.

2. BP would be insolvent by July 8, 2010. He has also stated several times that the stock is going to zero.

3. The “real, untold story” is another leak that is 5-7 miles away spewing 120,000 bbls/day.

4. That there is an underground lake of oil that is 500 feet thick, 100 miles wide, and may be covering 40% of the Gulf of Mexico.

5. The leak could last 24 years.

6. The gulf states need to be evacuated.