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Oil guru Simmons: Oil is now covering 40% of the entire Gulf of Mexico
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Wednesday, June 16, 2010
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From Zero Hedge:

Matt Simmons was on Bloomberg earlier, adding some additional perspective to his original 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...

Read full article...

More on the BP disaster:

Oil industry insider: BP will not survive the summer

These companies could make a fortune from the Gulf oil spill

Controversial oil man Simmons: Gulf spill much larger than we think

Topics: Energy | Commodities | Boondoggle
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