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    BP's Oil Spill – Is It the Real Catastrophe

    These figures officially make BP's oil spill in the Gulf of Mexico the biggest accidental spill in the history of the oil industry. The right oil spill estimate is very important, for it is in accordance to these estimates that the government can assign penalties to BP, under the Oil Pollution Act. This then only means that BP can be slapped with a fine of nearly $21.5 billion.