This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
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 Alaska’s 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...
View Full Document
- Spring '07
- Exxon Valdez oil spill, foreign oil, National Wildlife Refuge, ANWR, Arctic National Wildlife