Economics of Pipelines Topic of Talks
By 250 News
Friday, April 01, 2011 03:58 AM
Prince George, B.C.- The economic benefits of an oil pipeline will be up for discussion next week at UNBC.
The Northern Economics Student Society (NESS) is hosting a half-day Symposium on the Economics of Northern Gateway Pipelines.
The symposium will hear from two speakers, Michael Holden, a Senior Economist at the Canada West Foundation in Calgary and Nathan Lemphers, an Oilsands Technical and Poliocy Analyst at the Pembina Institute.
Holden will talk is entitled, “Looking Overseas: Market Potential and Policy Considerations for West Coast Pipeline Development”
Lemphers will talk about his recent report " “Pipeline to Nowhere?”
“We hear a lot about the environmental issues associated with pipelines”, said Nasser Albishi, President of NESS, “but this is a chance to hear about the economics. It’s actually a complicated issue and we will hear two experts tell us about whether the economics behind the pipelines make sense or not.”
Chair of the Economics Program, Dr. Fiona MacPhail, said “this should be a Symposium of interest to many in Northern BC. The pipelines are controversial projects and it’s important that all aspects and sides of the debate are considered."
The symposium is set for Tuesday, April 5th in room 6-205/211 across from the Canfor theatre.
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Also what about the economics from the oil company perspective when they open up domestic market to global speculation through the access gained by an export pipeline to Asia. How does the high price of fuel on the global markets benefit the domestic economy?