NAM and ACCF Unveil New Study Highlighting the National and 50-State Economic Impacts of the Lieberman-Warner Climate Change Bill

SAIC Study Assesses Economic Implications on Future Energy Costs, Economic Growth, Employment, Production, Household Income and Low Income Earners

The conclusions of the reports indicate that the legislation, if passed into law, would have a profound economic impact on U.S. businesses, consumers and governments nationally and in all 50 states. A sampling of the national findings includes:

 Gross Domestic Product (GDP) losses of $151 billion to $210 billion in 2020 and $631 billion to $669 billion per year in 2030
 Employment losses of 1.2 million to 1.8 million jobs in 2020 and 3 million to 4 million jobs in 2030
 Household income losses of $739 to $2,927 per year in 2020 and $4,022 to $6,752 per year in 2030
 Electricity price increases of 28% to 33% by 2020 and 101% to 129% by 2030
 Gasoline price increases (per gallon) of 20% to 69% by 2020 and 77% to 145% by 2030

If this doesn't concern us it really should.

Follow-up reading
This is a collection of articles written by industry CEOs on this topic.
http://www.worldenergysource.com/hottopics/gl...