objectives

My team, team 8, has been commissioned to explore the economic impact of oil production at ANWR or continued protection. In other words, we are responsible for predicting the economic impact of a decision to exploit or preserve oil resoures at ANWR.

A brief summary of the goals of my team are:

to effectively analyse the costs and benefits of oil extraction in real mathematical figures
to explain how we derived figres which were calculated
compare the economic effects of extraction versus preservation on a local, national, and internatonal scale.
qualitatively and quantitatively assess the the oil resources at ANWR.
create and adequately maintain a user friendly website

Costs (of drilling)	Benefits (of drilling)
Setting up drilling: -exploration costs -administration -buying land (politics involved) -machinery for extraction	(Price of oil)x(number of barrels extracted)
Potential harm to wildlife/ecosystem: -determine with survey of where on average the environment ranks in importance among a number of different topics/issues	Balances of jobs: -(those gained)x(wage of job) minus (those lost from other industries)x(wage)
Transport cost of moving oil to demand market	Balances of jobs: -(those gained)x(wage of job) minus (those lost from other industries)x(wage)