Environment and Public Works Ranking Member, Sen. James Inhofe (R-OK) issued a "white paper" yesterday (5/21), blasting the Lieberman-Warner bill and claiming that it "will hurt families, jobs and the economy." In the 14-page analysis, Inhofe discusses the background and history of the Kyoto Protocol, as well as differences between the successful acid rain "cap-and-trade" program implemented in the early nineties and the "cap-and-trade" regime proposed to mitigate greenhouse gas emissions in the Lieberman-Warner legislation. The white paper concludes that S. 2191 will be one of the most costly pieces of federal legislation ever, costing "hundreds of billions of dollars" to the electrical and industrial sectors of the economy, and creating uneven costs across the county. Inhofe predicts that if the bill is enacted it will "cripple the national economy while destroying jobs and raising electricity, heating and gas costs to every single family in the country."