Wednesday, June 16, 2010

Gulf Oil Spill: How Bad Is It?

In the video below from Bloomberg News, oil indistry "insider" Matthew Simmons, chair of the Ocean Energy Institute and a former energy advisor to Geoerge W. Bush, postulates a very frightening assessment of the Gulf oil spill.

He asserts that independent scientific evidence now indicates the leak is currently gushing 120,000 barrels per day, and suggests an "oil lake" beneath the water could be covering as much as 40% of the entire Gulf of Mexico.

His view is that nothing short of a "small" nuclear detonation will stop the Gulf oil leak. The alternative, according to Mr. Simmons, is 120,000 barrels of oil per day leaking into the Gulf of Mexico "for the next 25 to 30 years."

I would ordinarily be hesitant to cite a view that is so "out there" on this blog (even from a credible news outlet, such as Bloomberg). Frankly, were it not for BP's consistent understatements on the severity of this leak from the outset, all proven woefull wrong, I would not have been inclined to do so.

Unfortunately, the "outliers" have been factually correct with disturbing regularity since the initial days of this catastrophe.

Let us hope that on these points, Mr. Simmons is dead wrong.

- Garry J. Wise, Toronto

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