Energy and Mines 10, 20, 30
Examine the marketing and economic value of the oil and gas industry.
Indicators for this outcome
| (a) | Identify the countries that use the greatest amount of crude oil. |
| (b) | Analyze the factors which influence oil prices such as product supply and demand, societal and environmental policies, importing and exporting countries, and economic conditions. |
| (c) | Investigate Canada’s trade agreements with respect to the purchase and sale of oil and gas, the impact on oil corporations and supply management. |
| (d) | Summarize the connection of the petroleum industry to support industries. |
| (e) | Research the policies governing carbon emissions from a global perspective. |
| (f) | Explore government regulations and permitting and the adaptations (e.g., pipeline construction and transportation methods) made by the industry to reduce carbon emissions. |
| (g) | Research the history of the Boundary Dam Carbon Capture Project and its link to climate change initiatives. |
| (h) | Research the role of government incentives in the economic development of an oil and gas project in a booming and down turning market. |
| (i) | Describe how the petroleum industry impacts local communities and provincial and federal governments through resource and personal taxes, labour force and royalties. |
| (j) | Explore the history of successful and unsuccessful alliances between oil and gas companies and Indigenous companies and communities. |
| (k) | Research the dynamic relationship that Canada has with import and export countries to meet national crude oil requirements. |
| (l) | Compare the cost of petroleum production in Saskatchewan to the cost in other parts of the world. |
| (m) | Discuss the impact of world events (e.g., war, major disaster and economic recession) on the petroleum market and local economy. |
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