Kyoto pact deemed threat to U.S. economy-or boon to oil firms

The much-discussed U.S. federal budget surplus could be endangered by an economic slowdown stemming from efforts to comply with the Kyoto Protocol on climate change.That concern may be rendered moot, however, as the odds continue to stack up against any effective implementation, in its current form, of the global climate change treaty. If the treaty is implemented as envisioned, it could represent a significant business opportunity for petroleum companies in the renewable energy sector.Those are the key points of talks by participants in a panel on the challenges that the petroleum industry faces with global warming and the Kyoto Protocol, part of a conference on oil price challenges into...

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