VIDEO: Oil Industry Expert; Nuking oil leak ‘only thing we can do’

Oil industry expert: Nuking oil leak ‘only thing we can do’ Bloomberg — May 28, 2010 — May 28 (Bloomberg) — Matt Simmons, founder and chairman emeritus of Simmons & Co., talks with Bloomberg’s Mark Crumpton and Lori Rothman about BP Plc’s leaking oil well in the Gulf of Mexico. BP said in a statement today that it has spent $930 million responding to the spill, which began after an April 20 rig explosion that killed 11 workers. The well has been spewing an estimated 12,000 to 19,000 barrels of oil a day into the Gulf, a U.S. government panel said. (Source: Bloomberg)