But the study looked at departures from
average conditions
over shorter
time periods, and may not be a good indicator
of how people will respond to
sustained warming.
The analysis found, somewhat surprisingly, that only proceeding with lower cost, less carbon - intensive projects needed to satisfy demand in a carbon - constrained world will add
over $ 100 billion to the value
of the world's seven oil majors, unless oil prices spike beyond $ 100 a barrel for a
sustained period of time — well
over OPEC's long - term
average assumption
of around $ 80 a barrel.