Cost-benefit distortion

Dodgy estimation of costs and benefits should expose climate rules newly proposed in the US to political if not legal challenge. Huge potential for error exists fundamentally in the evaluation of benefits to be derived from lowering emissions of greenhouse gases. Much depends, for example, on assumptions about the sensitivity of global mean temperature to increasing concentrations of carbon dioxide and other greenhouse gases in the atmosphere. That relationship remains uncertain and controversial. Furthermore, action by a single country, even a major though diminishing emitter of carbon dioxide such as the US, can have negligible effect on globally averaged temperature at best. Dollar val...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected