The Golden Truth: Matt Simmons: The BP Cap Test Is "Absurd" And BP Is Lying To Us

Friday, July 16, 2010

Matt Simmons: The BP Cap Test Is "Absurd" And BP Is Lying To Us

Hard for anyone out there refute the industry knowledge of Matt Simmons. One colleague of mine, who was an oil and gas analyst at Salomon Brothers and who worked with Simmons for years, describes him as the definitive source for oil and gas industry expertise. Here's what Mr. Simmons has to say about the latest BP/Obama contrivance:

13 comments:

taxlossFriday, 16 July, 2010
He's also senile.
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AnonymousSaturday, 17 July, 2010
Karl Denninger at The Market Ticker obviously thinks you are exaggerating the problem of the Oil Spill. With all the "blogs" out there on the internet who really has the truth?
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Dave in DenverSaturday, 17 July, 2010
Karl can't think his way out of a paperbag.

Simmons senile? I know for a fact he's not.
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UnknownSaturday, 17 July, 2010
Someone is wrong here. I'm betting it's Simmons. Where's the proof of a mysterious open hole spewing 120,000 barrels a day of oil?

Without that Simmons is nothing more than nut.
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UnknownSaturday, 17 July, 2010
Rattigan should know better than to give Simmons a venue for his unproven scaremongering.
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Dave in DenverSaturday, 17 July, 2010
Sorry Michael. Denial ain't a river in Egypt.

I have a VERY close colleague who knows someone high up at NOAA and his NOAA contact was telling him everything Simmons was saying, only my friend heard all of this 3 weeks ago. Simmons refers to NOAA by the way.

NOAA scientists have been saying 100k barrels/day for at least 6 weeks now.

That info on methane hydrate that Simmons refers to, see my blog post a couple days ago for even more specific details about what is happening with that. That info also comes from NOAA scientists.

How can you AT ALL believe anyting in the mainstrema media when its a god damn fact that the Chief Ape in the White House has put a clamp on news. I saw an email to a friend from her friend in Germany who emailed with complete disbelief at how much more news details were being published in German vs. here.

You wanna live in the dark, that's your business. Go worship Joe Kernan and Steve Liesman.
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AnonymousSaturday, 17 July, 2010
kARL dENNINGER IS dEAD wRONG ON THIS tOPIC, IMHO.
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Dave in DenverSaturday, 17 July, 2010
He's dead wrong on most topics. His followers follow him as slavishly as Jim Jones' followers did. Old wine in a new bottle.
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Sam....Saturday, 17 July, 2010
Dave,
You may disagree with the president of these United States. Everyone has that right. However, you lose all credibility when you make personal, rude attacks such as"Chief Ape in the White House". You seem very intelligent in areas of your expertise but you are an embarrassment when you blindly lash out spewing hate.
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HopiumSaturday, 17 July, 2010
Karl does make a few good points but lately his postings have been dope'ish to say the least.

Chief Ape...LOL
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Dave in DenverSunday, 18 July, 2010
Sam, at least I published your view - that's something BHO would have discarded. Political "correctness" is seeded in sanctimony. Don't let that cross on your back get too heavy.
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AnonymousSunday, 18 July, 2010
Dave, why do you insult apes? They are NICE animals.
They destroy nobody, cannot lie and have sex, not WARS!
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Dave in DenverSunday, 18 July, 2010
LOL Fauvi. Good point. I retract my statement - I should have said "cockroach" in the White House.
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Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.