Remember when the conservative think tanks were talking about how signing the Kyoto treaty would lead to terrible economic consequences? Well, the other day I was reviewing the series of lectures delivered by wonderingmind42 on global climate change and in one of the sections he mentioned that he went out and looked up the papers that warned about how badly the economy would be hurt. Turns out the worst case economic damage in signing the Kyoto Treaty would have been having to pay upto $1.91 for a gallon of gasoline in 2010. Gosh, we sure should have signed on to the Kyoto Treaty, don't you think? By the way, this is a terrific series and if you are interested in understanding the issues around global climate change you couldn't do much better than to watch the whole thing. In any case, you should at least watch this one to understand how to think about the problem.
Your turn now.