Re:What does it mean for American innovation to be backed by...
by nradov on Monday September 16, 2019 @10:47AM
(#20984574)
The average cost for an offshore oil drilling rig is now about $650MM. The ones that can go really deep are even more expensive.
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Re:What does it mean for American innovation to be backed by...
by ryanmarsh on Monday September 16, 2019 @11:50AM
(#20985286)
I didn't know they were that cheap. A new refinery starts at about $5B.
Re:What does it mean for American innovation to be backed by...
by hedvig on Monday September 16, 2019 @12:36PM
(#20985830)
Why the moaning about nuclear power plant cost if refineries sit at a similar cost?
Re:What does it mean for American innovation to be backed by...
by NullPrefix on Monday September 16, 2019 @01:02PM
(#20986139)
Refineries return that money faster.
Re:What does it mean for American innovation to be backed by...
by blunte on Monday September 16, 2019 @01:43PM
(#20986657)
Human lifespan is short. So things that affect one human lifespan quickly are scarier. Radiation scares people because it can kill them fast. Effects from oil and gas tend to take much longer.
Re:What does it mean for American innovation to be backed by...
by hummusoiler on Monday September 16, 2019 @11:55AM
(#20985356)
What kind of things go into a refinery that form that price?
Re:What does it mean for American innovation to be backed by...
by hanniabu on Monday September 16, 2019 @12:06PM
(#20985492)
Engineering costs, inspection costs, a lot of stainless steel tanks and tubing, a lot of stainless steel valves/clamps/misc attachments, a lot of stainless steel welding that needs to be certified, redundant failsafes, various safety devices/monitoring systems, etc. I'm sure some bribes are buried/hidden in these costs as well, such as if you allow this oil refinery we'll use your construction company and you can over charge us so any payoff is legal.
Re:What does it mean for American innovation to be backed by...
by samoa42 on Monday September 16, 2019 @11:44AM
(#20985223)
MM=B?
Re:What does it mean for American innovation to be backed by...
by advisedwang on Monday September 16, 2019 @11:50AM
(#20985285)
In the financial world MM is used to mean million.
Re:What does it mean for American innovation to be backed by...
by alasdair_ on Monday September 16, 2019 @12:29PM
(#20985758)
M is 1000 in roman numerals. MM is one million.
Re:What does it mean for American innovation to be backed by...
by aashishkoirala on Monday September 16, 2019 @12:44PM
(#20985923)
I think MM is 2000 in Roman numerals, no?
Re:What does it mean for American innovation to be backed by...
by munk-a on Monday September 16, 2019 @01:40PM
(#20986611)
You are technically correct, financial dudes like roman numerals but somewhere in history someone (probably someone reeeeeally powerful) started using MM for million and thus started the trend.
Aside, swiss watches tend to have a watch maker's four on them instead of the more correct IV... and apparently there are a bunch of other variations out there[1]. Though MM is still quite stupid.
1. https://en.wikipedia.org/wiki/Roman_numerals#Variant_forms
Re:What does it mean for American innovation to be backed by...
by thaumasiotes on Monday September 16, 2019 @08:59PM
(#20990144)
I believe the thought behind MM is "a thousand thousand", using the roman numeral as if it were a positional digit.
Not sure how someone got the idea to do that...
Re:What does it mean for American innovation to be backed by...
by ta5436546n4 on Monday September 16, 2019 @10:21PM
(#20990618)
Algebraically it makes sense I guess (M.M)