Evidence from a Field Experiment in West Africa PC Vicente - Economic Journal
Two main political issues today are the economy and the environment, a recent topic that involves these issues is the decision or lack thereof to go through with the Keystone pipeline XL. The pipeline stretches from Alberta, Canada to the Gulf of Mexico, via Texas and can provide immediate jobs and oil economic stimulation as well as economic stimulation for future generations. The problem is that while this project can mean a brighter future economically, it can also mean a darker future environmentally. Despite the possible environmental risks, the keystone pipeline XL project needs to be approved as it can provide energy security and a major economical stimulation for this generation and the next.
For the majority of history, in the United States, crude oil has been the primary source of fuel and energy. Whether it is burning the oil or using it for gas, the product has been used at an excess amount. Even with great success in the search for a new source of energy, America will always be dependent on oil. Upon this realization, the Keystone XL Pipeline was started in 2010. Advancing from southern Canada, through multiple depots in the United States, to its final completion in the southern United States, the pipeline was a lengthy project.
The Energy East Pipeline is a 4,600 km pipeline that will transport crude oil from Alberta to New Brunswick. The project is in place from TransCanada which is a Canadian company that builds oil pipelines. This essay will explain the benefits and negative effects that can occur if Canada goes through with the installation of the pipeline across Canada. It will also discuss how all three levels of the government influence the subject and who ones to make the final approval is. Currently, the energy east pipeline is still being discussed because there are people who are against the installation of the pipeline and who are fighting to stop this from happenings because they are afraid of what the risks can cause.
Population, college, and football. Who would have thought these things would be what created booming towns of oil in Texas. Around the early 1900s most specifically the 1920s there was a lot of people moving to Texas for oil . Oil made lots of people move to Texas to join in on the bandwagon.
Throughout the ages, many nations have been known to do whatever it takes to sustain a valuable supply of resources. For this reason, however the exploitation of resources by countries using unfair means is an enduring issue for many groups of people. Exploitation of resources is when the government or outside forces take advantage of a nation’s resources. This issue is significant because it causes civil conflict and war, can impact people of nations terribly, and can destroy industry. Problems created by exploitation of resources can be seen in examples from Sierra Leone, the Congo and British India.
Offshore Drilling Every year, in the United States alone, 565 million barrels or oil are extracted as a result of offshore drilling; totaling a startling amount of roughly 1.5 million barrels a day. Consequently, these threatening practices are negatively impacting marine mammals, sea birds, sea turtles, and fish. Although drilling offshore provides access to expensive resources such as oil, it heavily contributes to the extinction and endangerment of animals, and the disruption of marine ecosystems, thus these practices should be prohibited and viewed as unethical. To begin, new techniques of horizontal drilling allow for even greater amounts of oil to be extracted from a single well, producing problems in infrastructure on land.
The main way that oil and natural gas reserves are acquired are through the means of Fracking. Also known as hydrofracking, this method utilizes a drill that drills down thousands of feet underground, which is then flushed with millions of gallons of water along with additive chemicals at high pressures to break the rocks sheltering the reserves. This method of attainment is quite risky as it comes with many unfavorable consequences that are quite unbeneficial. Like fossil fuel plants, fracking also releases greenhouse gasses like methane(Potential Health and Environmental Effects of Hydrofracking in the Williston Basin, Montana), which is worse than carbon dioxide and causes air pollution. Alongside that, pollutants like Benzene and Xylene also leak out during the fracking process, which is known to cause serious health conditions and even death in some cases due to the long exposure to the pollutants(Potential Health and
5. CONCLUSIONS AND RECOMMENDATIONS Conclusions From this study, we realize that Ghana has had a long standing history of gold production, dating back to the colonial era: The economy continues to be a dominant gold producer in Africa and the world. Further, gold production has contributed significantly towards the development of the economy of Ghana; providing the much needed foreign exchange earnings; as well as jobs and incomes for the citizenry. The librazilization of gold production in 1989 following the Economic Recovery Program (ERP) in 1983 allowed the operation of small scale gold mining. Small scale gold production has led to increase in gold production and export, however, liberalization, gold export and the existence of small scale
Texas Oil Boom The Texas oil boom, also known as “The Gusher,” was one of the most exciting moments of the 1900s. According to The History Channel ``One of the negative effects about the oil boom is drilling the oil makes a bad impact on the wildlife around it.” The texas oil boom had a lot of great traits to it, like how taxes from it were going to educate underprivileged kids, but not all traits were great. You see while all the oil was fantastic, drilling it from the earth is very harmful to the wildlife around the sight. The boom made soils erode, contaminated waters and not to mention the visable destruction it did.
In the U.S. hydraulic fracking has been a main source of energy during today’s times, it 's cheap effectiveness makes us think this . People should know how hydraulic fracturing is not as clean and amazing as we think it is. Hydraulic fracking cannot be a sustainable option for America. There are too many faults for it to be upheld in the long run and we cannot depend on it as our main resource of energy forever.
However, the case talks about high levels of corruption in the countries and ExxonMobil could have both internal and external concerns around it. The ExxonMobil has to ensure that the economic growth that it has planned for the people of Chad and Cameroon reaches to the public as planned. The involvement of the World Bank will ease this process.
Nigeria’s economic prospects were what fueled the passion of most politicians from both the North and South of Nigeria. This meant that when Nigeria finally gained independence these politicians made sure that there was no room for outside interference with how the country’s economy was run. Therefore, to understand the reason for the economical difference between Northern and Southern Nigeria in the fifteen years following independence one would have to examine the financial decisions and events that set Nigeria’s economy on a path that was nothing short of disappointing by the end of
The music industry is indubitably one of the largest entertainment industries in world. Global recorded music sales raked in a total of US $15.7 billion in 2016 (International Federation of Phonographic Industry (IFPI), 2016). The music industry “consists of the companies and individuals that make money by creating and selling live music performances, sound recordings and music videos of songs and instrumental pieces” (The Audiopedia, 2016). Over time, the dissemination of music has evolved. In the past, vinyl records and compact discs were a common way to distribute recorded music.
The degradation of the environment in the Niger Delta, is a direct result of oil companies that have failed to take social responsibility into consideration in their various operations. The numerous environmental consequences of oil exploration have become huge obstacles that face development in the Niger Delta. One of these obstacles are oil spills, which mainly occur
