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Administrative Log
Minutes for October 3, 2003
Long term
goals:
1) cost/benefit analysis -> proposal
We wish to focus our research in quantifying the items in the following
table:
Costs of oil drilling |
Economic benefits of oil drilling |
Setting up drilling
- Exploration costs
- Administration
- Buying Land
- Machinery for extraction
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Value of oil:
(Price of oil at time over which oil extracted from ANWR may
be sold) x (number of barrels that can be extracted from ANWR
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Potential harm to wildlife/ecosystem:
determine with survey of where on average the environment ranks
in importance among a number of different topics/issues |
Balance of jobs:
(jobs gained) x (wage) - (jobs lost) x (wage)
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Transport cost of moving oil to demand market |
Less dependence on foreign oil |
2) economic impact of proposal
Meeting format:
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Wednesdays: exchange research information, choose
new research question from goals list
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Fridays: update team website; try to fill in part
of the above cost/benefit chart with figures/info from research in
order to facilitate later conclusions
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Sundays at 7pm work as a time for extra meetings,
as needed
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- this sun at Next house at 7pm
(10/5) with 3 journal articles summarized
Other News:
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weekly research based on questions from goals
list until first week of nov.
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after first week of nov. we will perform the
actual cost benefit analysis and draw conclusions
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coordinator order (changes after the Friday class
each week): Jaime, Liz, Ruchi, Alex, Zheng
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coordinator duties:
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- take minutes for meetings
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- keep progress log on website
updated
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Jaime will be the webmaster for team8 website:
email him all the new research, etc to be posted on the website
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