Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama
In 2013, the U.S. federal and state governments gave away $21.6 billion in subsidies for oil, gas, and coal exploration and production.
In 2013, the U.S. federal and state governments gave away $21.6 billion in subsidies for oil, gas, and coal exploration and production.
Complex security, environmental, and economic trade-offs remain the norm for the energy sector. Government intervention is also the norm, and too often involves a torrent of energy plans, white-papers, and legislation. In an ideal world, government policies should work in tandem with market forces to achieve an adequate energy supply mix that is cleaner and more diverse than what preceded it. These synergies do not currently exist. Instead, there are thousands of government energy market interventions in place around the world - many of which act counte
Complex security, environmental, and economic trade-offs remain the norm for the energy sector. Government intervention is also the norm, and too often involves a torrent of energy plans, white-papers, and legislation. In an ideal world, government policies should work in tandem with market forces to achieve an adequate energy supply mix that is cleaner and more diverse than what preceded it. These synergies do not currently exist. Instead, there are thousands of government energy market interventions in place around the world - many of which act counter to sta
Despite a stated commitment to using market forces, the Romney campaign is turning a blind eye to large and distortionary subsidies to conventional fuels. This review highlights problems with how Romney has framed the energy subsidy problem and highlights important subsidies to fossil fuels that he has ignored.