What’s BP’s Spill Tab?

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At last, an official estimate of how much oil has been dumped into the Gulf of Mexico, though it isn’t pretty: 4.9 million barrels, or 205.8 million gallons. That makes the spill almost twenty times the size of the Exxon Valdez, according to a new total released last night.

New figures from the government flow rate team estimate that 62,000 barrels of oil gushed from the hole daily in the initial weeks of the spill, eventually slowing to 53,000 in later weeks. A portion of that flow—800,000 barrels—was captured via capping and siphoning. Some of it was also burned off or skimmed, but the vast majority ended up in the Gulf. (Even if you can’t see it because of all that dispersant the company also dumped in the water).

The 53,000 barrel figure toward the end of the spill lines up with BP’s own internal estimates, despite the fact that the company was publicly offering a much, much lower figure. At first the company said just 1,000 barrels a day was leaking from the well; BP later adopted the federal government’s initial (and woefully low) 5,000 barrel estimate.

Of course, BP had every reason to low-ball the figure. The updated estimate means that, at up to $4,300 per barrel, the company could now owe the federal government $21 billion fines for Clean Water Act violations alone. Factor in the fines for damage to natural resources and all the compensation to injured individuals and businesses in the region and you’re talking serious amounts of cash that BP can expect to shell out in the coming years.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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