ECON 201 Lecture Notes - Lecture 12: Tongass National Forest, United States Forest Service, Opportunity Cost
8 Nov 2016
School
Department
Course
Professor
Document Summary
Private ownership: stewardship (manners, good performance. Logging program going on here: was environmentally damaging. Value of the timber that came out of the forest was less than the cost of the logging program: a huge loss. Usfs get a big budget from congress. *like one big connect circle passing around money. No one (cid:272)an a(cid:272)tuall(cid:455) sell (cid:862)their shares(cid:863) of this: the iron triangle. They work together in order to get what they want. Contract (between the private audubon society and the oil company) A percentage of the value of whatever they are doing. Regions: only specified areas allowed to be drilled. Oil company shuts the project down during nesting season. Incase anything bad happened (like an oil spill), money set aside incase it was needed. *can use the money to help improve the wildlife sanctuary, buy more land and add it to the sanctuary.
