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Chapter 17 or 30 Market Failure: Pre- Class & In - Class Activities Packet Name/I.D. Number: Section: Date: Part 1. Video Questions on Market Failure and Externalities: "The Crude Awakening" 1. What is the name of the location the oil is extracted from, the so-called Saudi Arabia of the North. 2. How does the reporter described the nature of the extracted oil from the tar sands of Alberta? 3. Canada is considered to be one of the biggest countries in the developed world ? 4. The oil from the tar sands of Alberta seems to cause staggering environmental cost and it was described as the modern day 5. What was the national oil sands group target as far as oil production was concerned by 2020? What was the result by the end of 2004? 6. What kind of natural resources were consumed in the pursuit of crude? 7. How much green house gas emissions was estimated in 2007 from the tar sands of Alberta? 8. What kind of measure was passed by Alberta's government? 9. What Oil companies did to scare birds away from the tar sands? 10. What did Ray Ladouceur, the fisherman, observed over time? 11. What did Scientists say was causing the defects in the fish population? 12. What was the finding of Dr. Kevin Timoney test of the water, sediment, and review of decades worth of data other scientists have compiled? 13. What new things did you learn from the video? (Circle one: All, Some, Few, None: Specify at least one in the space provided) 14. What question(s) do you have after watching the video about Market Failure and Externalities: "The Crude Awakening" or the Infographics in this chapter Specify at least one