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Bloomberg: Oil May Gush Until Christmas

|Includes: BP p.l.c. (BP), RIG
Jessica Resnick-Ault and David Wethe write in a Bloomberg article that the leak at the Deep Sea Horizon well blow out might last until Christmas.  That opinion came from the head of research at an energy investment firm in Houston.  Dan Pickering, of Tudor Pickering Holt & Co, says, "This process is teaching us to be skeptical of deadlines.”  

Harry Roberts, a professor of Coastal Studies at Louisiana State University, said that would kill life in wide areas of the gulf near the well head and elsewhere, and on hundreds of miles of the gulf coast line to the north.  Another quote from the Bloomberg article:

So much crude pouring into the ocean may alter the chemistry of the sea, with unforeseeable results, said Mak Saito, an Associate Scientist at Woods Hole Oceanographic Institution in Massachusetts.

Don't think things could get any worse that the above "worse case scenario"?  The article concludes with this:

The ultimate worst-case scenario is that the well is never successfully plugged, said Fred Aminzadeh, a research professor at the University of Southern California’s Center for Integrated Smart Oil Fields who previously worked for Unocal Corp. That would leave the well to flow for probably more than a decade, he said in a telephone interview.

Prof. Aminzadeh concluded his comments with a statement that the above outcome was unlikely and that eventually relief wells would be successful in reducing the flow sufficiently for the original well to be plugged.

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