What it is, roughly, is a publicly-accessible data supercomputer. If you lost $14k in a blink of the eye, then I would think you consumed at least $4k of Google's actual resources -- maybe $7k. Maybe more. That thing can move some serious data, and you apparently moved around over 2PB.
Google bears some significant responsibility for not making the cost transparent to you, it's true. But on the the other hand, don't they bear some significant credit for making such an awesome power available to a lowly peon with a credit card?