Quote:
Originally Posted by Spuds
Are you referring to the asteroid that is less than 7ft across, that has <1% chance of actually hitting the planet?
Yep, we're all dead. 
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And even if it does make it through the atmosphere without burning up, 75% of the planet is ocean, so it would likely impact there.
Edit: Rephrasing for clarification, 75% of the surface of the planet is water, the majority of which is ocean water, but the planet is not 75% ocean water.