I remember watching a show on the discovery channel that ran a computer simulation of various sized asteroids hiting the earth in different locations and the concensus was that a water strike was actually worse because of the super waves that it would create.
But one thing was certain, anything bigger then a greyhound bus hitting the earth would be potentially devestating.
As the years go on, the odds of an asteroid or other object not hitting us shrinks at an incredible rate.
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My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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