Cap-n-trade bill effects from Heritage Foundation

How Oklahoma Will Be Affected by the Lieberman-Warner Global Climate Change Legislation

 

Table 1: Estimated Economic Impact of S. 2191 in Oklahoma

Year

Gross State Product Loss (Millions)

Non-Farm Employment Loss

Manufacturing Jobs Lost

Personal Income Lost (Millions)

2012

355.34

-1,476

-141

-218.45

2020

-722.97

-613

-5,241

-428.07

2025

-1,317.94

-6,041

-12,651

-1,062.26

2030

-1,137.71

-3,908

-21,267

-1,339.87

 

Table 2: Changes in Household Energy Prices in Oklahoma Due to S. 2191

 

Current Cost

2025 with current law in place

2025 with Leiberman-Warner in place

Dollar difference

Electricity

$1,146.74

$1,632

$2,020

$388

Natural Gas

$803.37

$1,131

$1,254

$123

Gasoline

$2,257

$2,225

$2,674

$449

Note: The current annual cost of natural gas is based on consumption and prices as of 2006, the most recent data available. The annual cost of gasoline is based on the average price of regular unleaded in each state on May 20, 2008.

 

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