Provide short-term relief in three ways: (a) enact legislation that closes loopholes in the Commodity Futures Trading Commission regulations that allow oil speculation to artificially distort the market; (b) require oil companies to share their profits with the American people in the amount of $500 for individuals and $1000 for families; and (c) sell approximately 10 percent - 70 million barrels of crude oil - from the Strategic Petroleum Reserve. 2. ... Make a commitment to energy efficiency that includes (a) updating the capacity of the electricity grid; (b) setting demand reducti...

• Word Count: 422
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate

In this content (McMillan 2016) explains Canada holds the world's third largest oil reserves. ... By building this pipeline it would eliminate the need to import foreign oils and would join Western Canada's oil reserve to Eastern Canada's oil needs which will support and secure the country's energy independence. ... First nations communities have demanded that federal and provincial government honor their treaty rights and stop the expansion. The federal, provincial and municipal governments of Canada are all working together to make Canada a prosperous country while keepi...

• Word Count: 844
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

The provincial levy is 20.5% and the federal levy is 13.7%. ... The federal government plays the key role here in pricing gasoline, not only because of the levy it implies but also the fact that the Saskatchewan Crown Investment Corporation owns 50% of the NewGrade heavy oil upgrader. ... The decision of drilling for crude oil would depend on the amount in our reserves, if it is not enough, we would be better off buying shares in other crude oil wells. ... Major oil companies know we are test drilling for oil reserves here, and they know that if we have enough oil to keep our refinery opera...

• Word Count: 1036
• Approx Pages: 4

Oil has leaked into the waters of the coastal nature reserves and wetlands that play an important role in maintaining vital functions of wildlife and migratory birds. ... Work on the oil spill response was coordinated under the leadership of a dedicated team of the US Coast Guard that included representatives of various federal agencies. ... The crisis brought huge damage to the marine ecosystem, contaminating waters of the coastal nature reserves and wetlands and causing large-scale contamination of land. ...

• Word Count: 1241
• Approx Pages: 5
• Has Bibliography