BP: Tainting by Numbers

This blog first appeared on the website of think tank and strategy consultancy SustainAbility

At the time of writing, it appears BP’s desperate attempts to contain the Deepwater Horizon spill are drawing to a close.  Although the oil seepage would appear to have been halted for good, it seems wholly inappropriate to label this a success.  As Exxon found with their Valdez spill (which was ‘only’ one-fifth the size of this episode), the full scale of the tragedy won’t be known for many years to come – and it may yet culminate in what would have seemed ludicrous at the start of this year: the disappearance of the BP brand.  

So many thousands of column-inches have been dedicated to the disaster over the last few months, what more can be written about the estimated 5 million barrels of oil that escaped into the Gulf of Mexico?  Well, I thought it might be interesting to visualise this headline number – 5 million barrels – in terms that are meaningful to the majority of folk left cold by the oil industry vernacular.  When numbers get serious, as Paul Simon sang, we see their shape everywhere.  But sometimes we need a little help to appreciate their scale and significance.  For instance, companies are fond of presenting their energy efficiency gains and greenhouse gas reductions as “like taking 175,000 cars off the road”, or “equivalent to closing a coal-fired power station”.  

With that in mind, here’s my take on 5 million barrels of oil.  I invite readers to continue adding to this list – it might even be a cathartic experience: 

5 million barrels of oil…

  • Amounts to 210 million gallons – or 800 million litres – of liquid black gold
  • Which is enough to fill 320 Olympic-sized swimming pools
    • or half fill the old Giants Stadium (which is more than the Red Bulls ‘soccer’ team ever managed)

5 million barrels of oil…

  • Would produce in a typical US refinery around 100 million gallons – or 350 million litres – of motor gasoline
  • Which is enough to drive a Ford Focus roughly 4.3 billion miles – or 7 billion km
    • or more than 9,000 return trips to the moon (assuming the roads were nice and clear)

5 million barrels of oil…

  • Would have fetched around $735 million at the July 2008 record high oil price of $147/bbl
  • Which is equivalent to ~18 hours worth of BP’s 2008 revenues
    • or the entire annual GDP of The Gambia

5 million barrels of oil…

  • Contain roughly 8 TWh of energy
  • Which is equivalent to 2 × 500 MW coal-fired power plants running non-stop at full capacity for a year
    • or the energy consumed annually by 320,000 average UK households

Leave a Reply

Your email address will not be published. Required fields are marked *