$22 Billion? Imagine how many of these cities we could have built for the cost of the Iraq war(I did the math: 25 and counting).
"A supply shortage for classes of offshore rigs capable of drilling in up to 10,000 feet of water means that the daily rate that operators pay to rent a high-end, deep-water drilling rig is now $500,000 to $550,000. That’s up from a day rate of $450,000 to $500,000 a year ago-and more than double the price per day on the spot market just three years ago, according to ODS-Petrodata Consulting & Research."
I did the math for you and that $22 billion would be able to sustain one rented offshore drilling rig for about 120 years. However I'm sure you are all aware that this kind of drilling is directly harmful to the environment on top of the harm that the burning of fossil fuels causes.
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