|
|
| |
DOE’s Conclusion:
Kyoto Compliance Would Reduce the Price of Oil
“Because of lower petroleum demand in the United States and in other developed countries that are committed to reducing emissions under the Kyoto Protocol, world oil prices are lower by between 4 and 16 percent in 2010, relative to the reference case price of $20.77 per barrel.”
The 16 percent value is for full compliance and the 4 to 16 percent range in oil-price reduction indicates that U.S. compliance has the dominant effect on world oil prices.
|
|
http://zfacts.com/p/902.html | 01/18/12 07:29 GMT
Modified: Thu, 07 Feb 2008 01:46:11 GMT
|
|
