Lieberman trashes National Association of Manufacturers study

Lieberman points out that the NAM study, which conservatives have been relying on to attack the climate bill, uses EIA’s high oil price case to drive up costs for Lieberman Warner Bill. We heard this from EIA during the Bingaman hearing.

I believe EIA said NAM used EIA’s base case for their base case, and then the high oil price case for looking at the cost from the L-W bill, thus absurdly jacking up the bill’s conomic impacts — especially since if anything the bill is likely to drive down oil prices because it will drive down oil demand.

See also “Wrong Again 2: Delayers cry wolf with same old Garbage In, Garbage Out economic model.”