From 2002 through 2008, the U.S. federal government spent about $72 billion subsidizing fossil fuel industries, much of those benefits embedded in arcane tax codes written in another era, for a different kind of energy economy. Full Story »
Posted by W. MacKenzie
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This piece loses points for fairness. No one from the petroleum industry, or the government, is interviewed to explain their perspectives on the matter.
A short summary of a study that examined the $72 billion dollars in tax subsidies given to the oil industry for outdated purposes, and the meager amount given to developing renewables. Worth reading, and gives a nice chart to illustrate the problem.
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