Case Study 6

Case Study 6 - Case Study #6 ECON 2100 Alternative Fuels...

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Case Study #6 ECON 2100 “Alternative Fuels” All rights are reserved of the resources used within this document and are to be used for education purposes only. Redistribution of any document within the case study is prohibited. Please refer to each article for source information. Table of Contents “The Great Alternative Fuel Rally.” Popular Mechanics……………………………………………………………………….2 “Obama to Propose More Drilling in Gulf.” Power, Stephen and I. Talley………………………………………………………….3-4 “The Pros and Cons of Eight Green Fuels.” Newman, Rick………………………………………………………………………. .4-12 Case Study Questions………………………………………………………………………….12
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3 Obama to Propose More Oil Drilling in Gulf By STEPHEN POWER And IAN TALLEY Wall Street Journal, March 30, 2010 WASHINGTON—The Obama administration will propose allowing offshore oil and natural-gas exploration and development in a large swath of the eastern Gulf of Mexico, after months of criticism from Republicans who have made expanded offshore drilling a political rallying cry. In addition, the administration plans to announce new steps to determine how much oil and natural gas is buried off the coasts of Middle and Southern Atlantic states, where oil-reserve estimates are decades out of date. At the same time, Mr. Obama's plan wouldn't allow new oil and gas development off the coasts of Northern Atlantic states or California, whose political leaders have long opposed offshore drilling. The administration will call off a plan drafted by the administration of former President George W. Bush that would have given oil companies access to Alaska's Bristol Bay, an area teeming with wild sockeye salmon and many commercial fishing interests concerned about the impact of drilling on their livelihoods. The Obama administration will propose allowing offshore oil and natural-gas exploration and development in a large swath of the eastern Gulf of Mexico. The administration's plan generally covers the period from 2012 to 2017, but it also modifies an existing five-year plan which expires in 2012. To open up the eastern Gulf, Mr. Obama needs to get Congress's permission. It will take several months to begin studying how much oil exists off the Atlantic coasts. The idea of expanding offshore drilling is taking on increased importance in the broader debate over climate and energy legislation. The Obama administration and congressional Democrats are working with Sen. Lindsey Graham (R., S.C.) to draft legislation aimed at reducing U.S. emissions of heat-trapping gases linked to climate change. With at least several Senate
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Case Study 6 - Case Study #6 ECON 2100 Alternative Fuels...

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