QUOTE(Hey Hey @ Jul 17, 2007, 01:42 PM)

But back to the topic. Rick, you're more aligned to this topic that many of us. Is there really a risk (statistical, perceived, whichever) that this instrument could produce an uncontrollable black hole that might be more than a local danger?
Short answer: yes.
For the risk to be acceptable, the probability of an earth-consuming disaster must be smaller than 10^-18 (ten to the minus 18th power). That is based on the value of the earth for the next 100 million years calculated from the current annual gross world product in dollars. 100 million years is the assumed useful lifetime of the Earth based on projected solar life (the sun will start to become a red giant around that time).
However, nobody has been able to calculate the actual probability of disaster, but it has been shown to be nonzero. This is an unacceptable situation for starting up that machine.
Risk, measured in dollars (or Euros) is the product of the probability of the undesired outcome and the cost of the undesired outcome. This measure indicates how much to reasonably spend to assure the outcome does not occur. So far the studies done by physicists to address this concern cost less than a million dollars.