Matthew Simmons talks to Bloomberg’s Mark Crumpton and Lori Rothman about an even bigger leak gushing oil at about 120,000 barrels a day located five to seven miles from the Deepwater Horizon disaster that, for some reason, everyone still calls just a “spill”.

He also thinks that it’s time for BP to leave and let the military come in, a move that would be welcomed by the contractors. There seems to be a growing consensus that inserting a nuclear bomb down the well,  as the Russians have done on a number of occasions over the years, is about the only real way of stopping the flow.