Nuke It!

By Edward Harrison On Jun 16, 2010

Matt Simmons says 120,000 barrels a day are leaking from the hole where the Deepwater Horizon rig blew up in April. He also says 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

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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9 Comments

earnyermoney says 15 years ago

Looks like Mr. Simmons is talking up his book. The Oil Drum reports he has some rather large short positions in BP. The Oil Drum has several threads disputing the claims in this video.

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