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Why the Kyoto Protocol Is a Cartel Agreement
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In 1998, the U.S. Deptartment of Energy, at the request of Congress, analyzed the impact of the Kyoto Protocol on the United States.
It found little impact (roughly 1/2% by 2020) on our income, and one of the reasons was that it found that the world price of oil would be reduced. Most of that reduction was caused by the assumed U.S. participation.
To comply with Kyoto we would have used less oil (mostly less coal, but both). Using less oil means there's more left-over supply, and that drives down the price.
But, Kyoto is an agreement among many countries to reduce their use of oil.
OPEC is a an agreement among many countries to reduce their supply of oil.
OPEC runs a producers' cartel and raises the price of oil.
Kyoto runs a consumers' cartel and lowers the price of oil.
Other, private-sector, studies that year came to the same conclusion.
Any agreement among nations to reduce output is a consumers' cartel. But some are more effective than others. They Kyoto cartel is not very effective. We can do much better.
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http://stoft.com/p/37.html | 07/30/10 06:01 GMT
Modified: Mon, 22 Dec 2008 03:18:43 GMT
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Amazon
China and India have nixed caps. Without these caps, Kyoto fails. What can be done?
Carbonomics explains "wrecking" the economy, "peak oil," caps, carbon taxes, and Kyoto.
About Carbonomics.
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