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Is it going to be possible to ever cap the Deepwater Horizon oil blowout? Maybe not, says National Geographic:

Such recovery operations have never been done before in the extreme deep-sea environment around the wellhead, noted Matthew Simmons, retired chair of the energy-industry investment banking firm Simmons & Company International….Slant drilling — a technique used to relieve pressure near the leak — is difficult at these depths, because the relief well has to tap into the original pipe, a tiny target at about 7 inches (18 centimeters) wide, Simmons noted.

“We don’t have any idea how to stop this,” Simmons said of the Gulf leak….If the oil can’t be stopped, the underground reservoir may continue bleeding until it’s dry, Simmons suggested.

And how much oil would that be? Via the New York Times:

BP’s chief executive, Tony Hayward, has estimated that the reservoir tapped by the out-of-control well holds at least 50 million barrels of oil.

That would be about 2 billion gallons of oil. If all of this floods out, it would be the biggest oil spill in history by a huge margin and 20 times bigger than the biggest previous spill in the Gulf of Mexico. From the National Geographic piece: “The 1979 Ixtoc oil spill, also in the Gulf of Mexico, took nine months to cap. During that time the well spewed 140 million gallons (530 million liters) of oil — and the Ixtoc well was only about 160 feet (49 meters) deep, noted retired energy investment banker Simmons.”

Even if the well is capped, this is going to be a huge spill. The spill rate, originally estimated at 50,000 gallons a day and then 210,000 gallons a day, might actually be as much as a million gallons a day — or maybe even more. But it’s hard to tell because BP is using chemical dispersants to send most of the oil to the bottom of the sea. This keeps it off the shore, but might end up doing more damage in the long run. Nobody seems to know for sure.

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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

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