East Energy Pipeline

East Energy Pipeline

1. Supply

   • Increase
     • western crude oil to Eastern Canada
   • Shift
     • Number of sellers

2. GDP

   • Increase
     • Exports

3. Imports

   • Decrease of foreign oil

4. Corporations

   • TransCanada Corp.
     • original company to do the project

5. Unemployment Rate

   • Decrease as project will create new jobs

6. Opportunity Cost

   • Decrease in western Canadian supply of crude oil
   • Increase of price on western crude oil barrels

7. Factors of production

   • Capital
     • Yet to confirm where crude oil will be stored on the eastern side of Canada
     • Irving Oil was suggested

8. David Ricardo

   • Absolute vs comparative advantage
     • Canada would now be specializing in crude oil
       • Would cause a rapid decrease to Canada's oil supply

9. Demand

   • increase by companies using western oil
     • Competitive pricing as cheaper then exported oil

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