CRA's David Montgomery analyzes economic impacts of energy legislation
As Congress tries to wrap up talks on the proposed energy package, questions remain about the economic viability of some of the proposals and the impacts they may have on industry and consumers. During today's OnPoint, David Montgomery, vice president of Charles River Associates (CRA International), discusses a new study, commissioned by the American Petroleum Institute, that analyzes the impacts of the proposed energy bill on the U.S. economy. Among the findings: 5 million jobs could be lost by 2030, the cost of petroleum could more than double, and the average American will be spending a greater percentage of their income on energy. Montgomery explains how CRA conducted the research and responds to energy bill proponents who disagree with the economic impact assessments.