Perspective |
Benefits |
Costs |
1. Oil Corporations |
|
1. exploration 3. production 4. wages 5. clean-up for potential oil spills 6. refining ? 7. fund for workers (future) |
2. Society |
1. Jobs 2. access of Alskans to infrastructure 3. fund for workers 4. revenues from leasing land 5. decrease in the price of oil |
2. risk of oil spills- clean up and damage of what remains |
Oil Corporations:
-trend for world oil market
-seismic testing
-size of area
-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
-cost of pipeline (materials)
-cost of maintaining pipeline
-roads (materials)
-shipping costs
-no. of jobs
-wage rate for each type of worker
-#hours/ week
-import of workers ?
-how frequently
-cost of cleaning:
-how many people
-how bad the spill (area)
-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”
-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:
-no. and type of wildlife affected
-degree to which they are affected
-pollution
-how often
-clean-up costs
-cost of damage (impact of what is left- pollution)
-% of people who’s lives are altered
-value for degree of alteration
-no. of jobs
-wage rate
-who gets the jobs: unemployed or move from another job?
-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.