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Unformatted text preview: Siming Zhu AEM 250 Term Paper Proposal March 14, 2008 Topic: Cost-benefit analysis of oil extraction in the Artic National Wildlife Refuge (ANWR). The Arctic National Wildlife Refuge (ANWR) is the largest of Alaskas 16 wildlife refuges and it contains 19.6 million acres of undeveloped wilderness. It also contains significant deposits of oil, an estimated ten billion barrels worth. The US economy relies more on oil and the price of oil than any other resource to function. With higher prices of gasoline and heating oil, drilling in ANWR has become an increasingly important issue. However, the forces trying to open ANWR to drilling is being met by forces trying to protect the diminishing untouched wilderness in the U.S., claiming that it is the Last Great Wilderness. Due to technological advancements in oil extraction which has led to greater efficiency, oil companies estimate that only 2000 acres of ANWR would need to be opened for development. The estimated ten billion barrels of oil that would be available in this region would slightly relieve the...
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This homework help was uploaded on 04/20/2008 for the course AEM 2500 taught by Professor Poe,g. during the Spring '07 term at Cornell University (Engineering School).
- Spring '07