Oil FAIL: Now, THIS would be bad
Read the whole thing. Shorter:
Gaia farts. Then some joker with a match lights the fart on fire and sucks all the oxygen out of the atmosphere. (In other words, the real problem isn't the oil, but a gigantic methane bubble in the Macondo field. If the crust cracks, and there are signs this is happening, well, that would be bad.)
Not dinosaur-meet-asteriod bad, actually. Just a couple of tsunamis in the Gulf.
Sure, a worst case ("low probability, high impact") scenario. Then again, 1000 to 5000 to 60000 to 100000... Continued press censorship... "Ponies and balloons" from the maladministration and its owner, BP... Don't you get the suspicion that the situation is a lot worse than the catastrophe it already is?
NOTE Via Steven D at, of all places, BooMan.