The American Farm Bureau Federation's recent "studies" on the cost of climate change have been guilty of just such cherry-picking of data - assuming what they believe will be the outcome of a climate bill, modeling the economic costs -- and then, and here is the problematic part, marketing that study as if it represents the whole and only way the policy would be implemented.
Today, we have another "scenario study" which was done by the oil industry, specifically sponsored by the American Petroleum Institute (API). It finds -- no surprise, that the policy will be very costly for domestic oil refiners and will actually increase the amount of foreign fuel we purchase while raising costs.
Yet - look into what the assumptions are of this study - and just like the farm bureau, you see that there are assumptions being made that do not reflect what is in the bill, but rather, a potentially worse case outcome designed to show that costs outweigh benefits.
For example, look at a quote from today's Wall Street Journal story on this new "study" sponsored by the American Petroleum Institute: