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Click here to enlarge imageEven developed nations with significant oil export revenues will suffer if global climate change treaty targets are to be met, warns OPEC.But developing nations that export oil will suffer the most, with OPEC alone expected to lose $23 billion/year in oil export revenues.If OECD countries impose carbon taxes sufficient to achieve Kyoto protocol emissions targets by 2010, this would trigger a plunge in OECD oil demand of 6.5 million b/d by then, warns Shokri Ghanem, director of research at the OPEC secretariat. Ghanem made the prediction last week at an OPEC-hosted Vienna workshop on climate-change treaty status and effects, just ahead of the start this week of...

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