Truth be told, I’m not certain whether this is alarmist or accurate. While Simmons does deserve credit for being early to focus on peak oil, he was notably wrong in 2008.
This is a different sort of call here. Given Simmons’ reputation, it is quite conceivable that he does have better access to information than MSM journalists. Regarding his suggestion of using a nuclear weapon to stop the leak(s) (which I have advocated too) note that some readers have argued it would not work on the soft ocean floor in the area of the leak(s).
Via Bloomberg (hat tip Michael Shedlock):