$$$ Regardless of what one may have learned f
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Posted On: 05/27/2021 9:28:09 PM
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Regardless of what one may have learned from the Marxist Mockingbird Media & Entertainment Oligopoly, the truth is much different regarding energy subsidies.
US Federal Government subsidies per barrel of energy equivalent produced in 2010 were as follows*:
Coal: $0.36
Oil & Gas: $0.45
Hydro: $0.49
Nuclear: $1.72
Geothermal: $7.63
Bio-mass/Fuel: $10.39
Wind: $31.39
Solar: $52.30
In 2010 the Federal Government alone collected $9.01 per barrel of energy equivalent in oil company corporate taxes and excise taxes on retail sales of gasoline and diesel fuel. In essence, the vast tax revenues from sales of coal, oil & gas are what are keeping the renewables afloat economically. Kill coal, oil & gas and everything else will collapse.
I last looked up this same information in early 2016 on the US Department of Energy Website. They had the figures for 2014 and the rankings were the same and the individual subsidy numbers had not changed appreciably. The 2018 subsidy numbers should also be available on the DOE site should anyone want to do the research
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