Conclusions
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of our team report.
Perspective |
Benefits |
Costs |
- Oil Corporations
|
- Revenue from oil
|
- exploration
- transportation
- production
- wages
- clean-up for potential oil spills
- refining
- fund for workers (future)
|
- Society
|
- Jobs
- access of Alaskans to infrastructure
- fund for workers
- revenues from leasing land
- decrease in in the price of oil
|
- environmental
- risk of oil spills - clean up and damage of what remains
- disruption to culture of natives
|
Oil Corporations:
1. Exploration:
-trend for world oil market
-seismic testing
-size of area
2. Production:
-how many wells
-depth of well
-type of well
-type of machinery
-amount of (extractable) oil in the well
-replacement due to wear and tear
3. Transportation:
-cost of pipeline (materials)
-cost of maintaining pipeline
-roads (materials)
-shipping costs
4. Wages:
-no. of jobs
-wage rate for each type of worker
-#hours/ week
-import of workers ?
5. Oil Spill Clean-up:
-how frequently
-cost of cleaning:
-how many
people
-how bad the
spill (area)
6. Refining
-how much oil
-cost of transporting it to refineries
7. Building infrastructure: (more of a cost to society ?)
-hospitals
-schools
-houses
-supplies- import
-entertainment, building a “city”
8. Revenue from Oil:
-how much oil is extracted
-current price:
-trend
-probability of
conflicts/disruptions globally
-time lag (7-8 years)
-demand curve and supply curve: equilibrium price
Society:
1. Environmental:
-no. and type of wildlife affected
-degree to which they are affected
-pollution
2. Risk of Oil spills:
-how often
-clean-up costs
-cost of damage (impact of what is left- pollution)
3. Disruption to culture:
-% of people who’s lives are altered
-value for degree of alteration
4. Jobs:
-no. of jobs
-wage rate
-who gets the jobs: unemployed or move from another job?
5. Access to Infrastructure:
-price decrease in gas due to easier transportation to the area
-greater access to goods due to easier transportation to the area
-increase in no. of schools,
hospitals, etc.
|