clipped from: epw.senate.gov   

WASHINGTON, DC – Sen. James Inhofe (R-Okla.), Ranking Member of the Environment & Public Works Committee, issued the following statement on today's Energy Information Administration (EIA) analysis of the America's Climate Security Act – S. 2191 (Lieberman-Warner) global warming cap-and-trade bill.    

“Multiple government and private analyses now clearly show that the bill is wrong for America,” Senator Inhofe said. “The EIA analysis projected unacceptable increases in Americans average annual household energy bills up to $325 in 2020 and $723 by 2030. And this does not factor in transportation-related costs.  The EIA also found that the Lieberman-Warner bill would lead to higher coal, natural gas and petroleum prices.  

Further, EIA’s gloomy economic analysis is contingent upon the U.S. building more than 2 1/2 times as many new nuclear plants as are currently operating -- an increase so massive and unrealistic as to be fictional.