There's a lot of oil leaking from that Macondo well, but it isn't the end of the world. This article puts the size of the leak, as well as the total size of the reservoir into perspective. Not pretty, but it's not like the whole Gulf could turn into a sea of crude either.
There. Feeling all better now? Maybe a little? Good, because some of that crap started washing up on my doorstep yesterday.
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