Environmental Science, 10th Edition (Cunningham)

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Overview: Vacuum Oil Field, p. 520 (See chapter 19.)

1			Are these renewable or non-renewable resources?
			A)	Oil and gas are renewable resources.
			B)	Oil and gas are renewable resources, until the pump runs dry.
			C)	Oil and gas are non-renewable resources, because they cannot be replenished (except over geologic time).
2			What is the cost/benefit dynamic for oil well owners?
			A)	The cost of oil well development must be less than the income from the oil wells.
			B)	The cost of oil well development must be more than the income from the oil wells.
3			What is the cost/benefit dynamic of oil development for the local residents?
			A)	Local residents experience no costs from oil development but derive no benefits, either.
			B)	Local residents experience costs from oil development in terms of the loss of both tangible and intangible resources where they live, and they derive few benefits.
4			What is the oil well cost/benefit dynamic for the country as a whole?
			A)	The country as a whole experiences the benefits of oil production with none of the costs.
			B)	The country as a whole receives no benefits from oil production but experiences costs in terms of pollution and loss of resources and scenery.
			C)	The country as a whole experiences both sets of costs and benefits (as per local residents and individual well owners), although both effects are diffuse.