CNN Money: “If the relief well doesn’t work” deep sea wells “generally produce oil for 5 to 20 years”

CNN Money asks the experts: How bad can the oil disaster get?

How much oil: BP wouldn’t say how much oil is in the reservoir below the failed well, saying it was too early in the exploration process to make such estimates.

But it’s at least tens of millions of barrels, according to Dave Rensink, president of the American Association of Petroleum Geologists.

If the well was left unchecked, it would flow for years, he said. Deep sea offshore wells generally produce oil for 5 to 20 years. …

Indeed, the successful drilling of the relief well by August remains far from certain.

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