{"id":11639,"date":"2020-04-20T13:14:13","date_gmt":"2020-04-20T13:14:13","guid":{"rendered":"https:\/\/merikebi.warrenmyers.com\/?p=11639"},"modified":"2020-04-20T13:14:13","modified_gmt":"2020-04-20T13:14:13","slug":"new-comment-on-reddit-964","status":"publish","type":"post","link":"https:\/\/merikebi.warrenmyers.com\/?p=11639","title":{"rendered":"New comment on reddit"},"content":{"rendered":"<div class=\"md\">\n<p><a href=\"\/u\/mikybob12\">u\/mikybob12<\/a> is right: it&#39;s about (no pun intended) sunk costs (ie capital expenditure) and operating expenditure<\/p>\n<p>The CapEx to get a drill up and running is huge<\/p>\n<p>But the OpEx to <em>keep<\/em> it running is minimal <\/p>\n<p>Think about the cost to <em>build<\/em> a house vs <em>living<\/em> in it &#8211; your monthly cost to run a house is, say, $2000 (taxes, maintenance, utilities, etc)<\/p>\n<p>But it <em>cost<\/em> $250,000 in the first place <\/p>\n<p>Same thing with oil rigs &#8211; the millions of $$$ spent to build it have been spent: whether it&#39;s used or not<\/p>\n<p>So you might as well use it<\/p>\n<\/p><\/div>\n<p>April 20, 2020 at 09:10AM<br \/>\nvia reddit https:\/\/www.reddit.com\/r\/Economics\/comments\/g4s0y2\/us_oil_prices_on_pace_for_their_worst_day_ever_as\/fnz7ske?utm_source=ifttt<\/p>\n","protected":false},"excerpt":{"rendered":"<p>u\/mikybob12 is right: it&#39;s about (no pun intended) sunk costs (ie capital expenditure) and operating expenditure The CapEx to get a drill up and running is huge But the OpEx to keep it running is minimal Think about the cost to build a house vs living in it &#8211; your monthly cost to run a &hellip;<br \/><a href=\"https:\/\/merikebi.warrenmyers.com\/?p=11639\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">New comment on reddit<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4],"tags":[972],"keyring_services":[],"class_list":["post-11639","post","type-post","status-publish","format-standard","hentry","category-blih","tag-reddit"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts\/11639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11639"}],"version-history":[{"count":1,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts\/11639\/revisions"}],"predecessor-version":[{"id":11640,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=\/wp\/v2\/posts\/11639\/revisions\/11640"}],"wp:attachment":[{"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11639"},{"taxonomy":"keyring_services","embeddable":true,"href":"https:\/\/merikebi.warrenmyers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fkeyring_services&post=11639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}