Oil industry insider Matt Simmons blew the whistle on the made-for-TV capping of the so-called oil leak in the Gulf of Mexico Thursday, July 15, during an interview on KPFK radio, the NPR station in Los Angeles.
Simmons, former energy adviser to the second President Bush, explained that according to his reading of the data from NOAA, the National Oceanic and Atmospheric Administration, capping of the so-called riser and the subsequent announcement by U.S. President Obama was "the biggest con job we've ever seen."
Simmons, creator of an investment bank catering to oil companies, told radio host Ian Masters that the real problem continuing to gush oil into the Gulf was not the 6-inch "riser" that apparently has been capped amid much TV hoopla, but that an open hole or cauldron perhaps up to 10 miles distant from where British Petroleum's cameras are focused which continues to spew 120,000 BARRELS per day, and that BP's much publicized effort to drill relief wells in what the company says is an effort to stop the flow of oil is nothing but a cynical publicity stunt...Read more:
