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Team 8 Objectives
( My personal objectives are to follow those of the team, but to focus
on one specific medium of information, which I selected to be online
databases and professional websites.)
We intend, with collaboration with other teams, to:
- Express the costs and benefits of oil extraction and continued
preservation in terms of mathematical figures that can be objectively
compared.
- Explain in detail the costs and benefits of both options and how we
arrived at the figures.
- Compare how the local, national and international economies would be
impacted by oil extraction versus preservation.
- Maintain our team website.
- Answer the following questions given the time constraints of 12.000:
- Local economy: What is the current job market in Alaska? How
many jobs (and which type) would be created if oil was extracted from
ANWR? What revenue would these jobs and the oil generate for
Alaska? What infrastructure would have to be built to support
the new influx of laborers?
- Oil market: What is the current US import/export balance for
oil? What amount of oil could be extracted from ANWR? What
changes would occur in the US oil market if this oil is
extracted? What is the future fuel need likely to be? What
percentage of this need can practically be met by oil?
- Exploration: How much would the extraction machinery cost?
What disruptions to current operations/jobs (i.e. logging, fishing,
tourism) would extraction cause?
- Biological Impact: What value can one place on ANWR's unique
ecosystem? What change would occur in the ecosystem of ANWR if
drilling was begun? What potential risks would exist for the
ecosystem if oil is extracted (i.e. oil spills)? What would be
the cost of solving these problems should they arise?
- Other resources: What are the resources (besides oil) contained in
ANWR? What revenue could these generate if they are extracted?
Objectives update - October 15, 2003
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 |
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) |
Transport cost of moving oil to demand market |
Less dependence on foreign oil |
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