html5-img
1 / 10

Oil Drilling in the Arctic – is it worth it ?

Oil Drilling in the Arctic – is it worth it ?. By Kirsten scharrer and Carmen martensen. Summary. Drilling in the arctic is not worth it. Costs of oil drilling. Shell spent $4,5 BN for one exploration and two ships damaged 44 bn barrels of oil estimated

wilbur
Download Presentation

Oil Drilling in the Arctic – is it worth it ?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Oil Drilling in theArctic– isitworthit? By Kirsten scharrerand Carmen martensen

  2. Summary Drilling in the arctic is not worth it

  3. Costsofoildrilling • Shell spent $4,5 BN foroneexplorationandtwoshipsdamaged • 44 bnbarrelsofoilestimated • Average costof $224,24 per barrelcrudeoil • An estimatedavergaecostsof 6,6 bncrudeoil • The price per barrel must behigherthan $224,24 • $100,81 price per barrelcrudeoil 19th October 2013

  4. Costs vs. Price

  5. Unmanageable difficulties • Harsh Weather • Storm • Ice • Geographic • Sandbanks • Rock layers

  6. Worldwide Consumption

  7. Oil usage Private and Industrial • Highest usage for transportation • Cars, trucks, trains, ships, planes • Plastics • Toothbrush, Trash Bags • Chemicals • Cosmetics, pillows

  8. Short-term Environmental issues • Oil spill Impacts • Damage to ecosystem • Animal death • Decelerated decomposition due to low temperatures

  9. Long-term Environmental issues • Greenhouse Gas emission • Climate change • Melting Ice (e.g. flooding) • More extreme weather (e.g. Hurricanes) • Diseases • New (e.g. other respiratory diseases) • Worse (E.G. smog  every 5th child dies) • Expansion (E.G. West nile fever)

  10. Conclusion • Drilling in the arctic is dangerous and not profitable • Only Profitable at • Min. $224,24 costs for 1 barrel oil • Impact on Environment • Animal death • Diseases • Climate change

More Related