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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (134688)	6/12/2010 12:48:47 PM
From: Aggie	10 Recommendations Read Replies (1) \| Respond to of 206198

Hi Chancels, I'll say two things: Matt Simmons has done some great work in the past, and this is not part of it. So much of what he is saying is so profoundly wrong, and so profoundly misguided, that my first conclusion is that his life style must be one of extreme isolation - or he's been set up. He has obviously not spoken with anyone who has even a smattering of basic geological or engineering knowledge, before putting himself on the air. It is almost embarrassing to watch. He is wrong about nearly everything. He is especially wrong imagining that reservoir pressures are "40 - 50,000 psi" (they are ~13,000psi, by direct measurement), or that oil sinks in water rather than floating, or that tankers are equipped to "suck" oil up from the seabed, or that.....well never mind. You get the idea, this is my opinion of what he has to say. Aggie