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Home Our Perspective A Critical Examination of Matt Simmons’ Claims on the Deepwater Spill
A Critical Examination of Matt Simmons’ Claims on the Deepwater Spill PDF Print E-mail
Written by Steve Meyers   
Friday, 30 July 2010 12:20

I have posted a couple of Matt Simmons interviews and finally someone comes out to dispute. We are searching for truth.

 

Matt Simmons, author of Twilight in the Desertalt, has long been one of the most famous and influential voices on the subject of peak oil. After the release of his book, Simmons rose to fame as Saudi Arabian oil production declined and global oil prices skyrocketed.

However, Simmons has lately been making hyperbolic claims related to the deepwater spill in the Gulf of Mexico. Based on the scenarios Simmons has outlined, he argues for responses such as using a nuclear explosion to seal the well and evacuating 20 million people from the Gulf Coast. Extraordinary responses such as these would impact a great many people, so The Oil Drum staff felt that a critical look at some of Simmons’ claims was in order.

Note: This essay is a compilation of work from multiple Oil Drum staff members, particularly JoulesBurn, aeberman, Euan Mearns, and Robert Rapier.

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Ron Rebner |173.88.241.xxx |2010-07-30 12:36:07
Volume remains weak.
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Ron Rebner |173.88.241.xxx |2010-07-30 12:47:48
Elliott Wave says: the four week countertrend push is essentially over and the great bear market is about to resume. The next few months will be the most exciting of the year so far. All sectors will participate in the selloff, especially small caps.
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Short and Poor! |143.231.249.xxx |2010-07-30 12:55:00
http://noir.bloomberg.com/apps/news?pid=20601109&sid=av6psxDBo63Y&pos=15#

Americans Splurge on IPads While Broke in New Abnormal Economy -- Bloomberg -- 7-30-10
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SteveM |Administrator |2010-07-30 13:46:09
Must be the "get rich quick" app!
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DZ  - "Slick" Simmons |70.114.236.xxx |2010-07-30 13:00:47
Have followed Matt for years and have great respect. At first I thought he was right, but the evidence seems otherwise. A good series of news is here:

http://www.floridaoilspilllaw.com/

Matt "Slick" Simmons has been wrong for so long on the projected effects or peak oil, it may be getting to him. I wish him "well".
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DZ  - Watch out for launch up |70.114.236.xxx |2010-07-30 13:07:37
Small inverse H&S along with trend line warns of breakout to the upside.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3287600&cmd=show[s174911668]&disp=P

15min RSI and full STO nearing buy.
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DZ  - New BP CEO begins with another Gaffe! |70.114.236.xxx |2010-07-30 13:29:19
"time to scale back the massive effort to clean up the oil spill"

http://www.floridaoilspilllaw.com/ap-breaking-news-update-new-bp-ceo-time-for-scaleback-in-cleanup

They must be delusional.
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Criticaster  - Oil Price |77.168.253.xxx |2010-07-30 13:35:02
Steve (or anyone else with a motivated opinion), do you have any idea why oil spiked $8 in 20 days?

Regards
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SteveM |Administrator |2010-07-30 13:49:43
Rose with copper. Commodities rose with China's market bottoming out.
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Ron Rebner |173.88.241.xxx |2010-07-30 13:50:45
It rises when the U. S. dollar falls. That is a big portion of the move.
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DZ  - Oil Cycle |70.114.236.xxx |2010-07-30 13:55:59
"I continue to believe that the advance out of the May low should prove to be a counter-trend move. This short-term buy signal sets price up for another attempt at bettering the June/July resistance level. If the advance following this short-term buy signal is again repelled by that resistance level, then we should see lower prices resume and it will be a good chance that the intermediate-term counter-trend advance out of the May low has run it course. But, if the June/July resistance level is bettered, then this advance will be poised for a run back up to the May high." - Wood

Stocks - mid cycle dip - buy
Gold - trading cycle low likely in
Dollar - trading cycle low likely in and so is intermediate
Bonds - st transitioning to buy, intermediate cycle topping.
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SCOTT  - Mr. |98.248.88.xxx |2010-07-30 15:23:46
Has the loop current been affected by the spill? I have seen a report that was supposed to have been from NASA showing the disruption. If so, then what is causing it??? Matt seems out there almost like a disinformation wacko. Any thoughts??
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SteveM |Administrator |2010-07-30 15:36:48
That's why I posted this because he may be whacko.
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kp  - Reports of BP disaster’s death are greatly exagger |75.66.3.xxx |2010-07-31 07:26:19
http://www.grist.org/article/2010-07-30-reports-of-bp-disasters-death-are-greatly-exaggerated/
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Anonymous |75.83.80.xxx |2010-08-01 21:47:30
http://www.youtube.com/watch?v=fqssdmDqQgM

proof that MC252_B is leaking

they capped a well that was completed last year!!!!!!

watch the whole series of films
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