I saw this video a while ago ago. Simmons says he reckons the pictures BP have been broadcasting and the hole they have plugged in the last few days is not the source of the oil leak at all. If the oil is indeed leaking somewhere else it may make the situation much more serious.
News out today that oil still appears to be flowing from an unknown source despite the cap that BP fixed would seem to confirm his comments.
I find this interesting because Matt Simmons is a key peak oiler (author of Twilight in the Desert that argued the Saudis are running out of oil fast). If he is proved right about the BP leak it perhaps lends credibility to his views on the urgency of the oil/energy crisis generally.
Also there seems to be a lot of nonsense in America about Al Megrahi being released by the British as a favour to BP. This is self-serving anti-British nonsense. What commentators over there don't seem to understand is that the British government did not release Al Megrahi, the Scottish government did. And while the British government may have had an incentive to appease Libya in order to secure oil contracts for BP, it is hard to see how the Scottish government could have been persuaded to help out the UK government on that basis. There is no love lost between the Scottish and Westminster (British) governments. The Scottish government released Al Megrahi on compassionate grounds because medical advice indicated he had only weeks to live. To complicate matters slightly I could add that anger over Al Megrahi's release is tempered slightly in Scotland because many feel that Al Megrahi did not get a fair trial and that his conviction was far from secure, and that America was too eager to pin the blame on a non-Iranian suspect so as to obscure the connection between the Panam bombing and the Americans bringing down an Iranian passenger jet.