United States[edit]
Allocation of subsidies in the United States[edit]
A 2011 study by the consulting firm Management Information Services, Inc. (MISI)[19] estimated the total historical federal subsidies for various energy sources over the years 1950–2010. The study found that oil, natural gas, and coal received $369 billion, $121 billion, and $104 billion (2010 dollars), respectively, or 70% of total energy subsidies over that period. Oil, natural gas, and coal benefited most from percentage depletion allowances and other tax-based subsidies, but oil also benefited heavily from regulatory subsidies such as exemptions from price controls and higher-than-average rates of return allowed on oil pipelines. The MISI report found that non-hydro renewable energy (primarily wind and solar) benefited from $74 billion in federal subsidies, or 9% of the total, largely in the form of tax policy and direct federal expenditures on research and development (R&D). Nuclear power benefited from $73 billion in federal subsidies, 9% of the total, largely in the form of R&D, while hydro power received $90 billion in federal subsidies, 12% of the total.
Hey rabbit. You should go after wiki for being able to post shit like this that you claim is wrong. Maybe you could do the edit to set them straight. Cause everybody don't seem to know that the oil and gas industry doesn't receive any subsidies.
Oil, natural gas, and coal benefited most from percentage depletion allowances
This means as they deplete the resource, they get to write down the cost.
For instance, they buy a well that has 1 million bbls (estimated) and they extract 100,000 bbls
this year, they'd write off 10% of what they paid for the well.
That's standard business practice, not a special subsidy for oil.
oil also benefited heavily from regulatory subsidies such as exemptions from price controls
You've got to be a really stupid liberal to think an exemption from the government telling you what
price you have to sell your product is a subsidy.
Tap that vein man, you just need the black stuff.....