Energy Cost Spending Statistics
SUBSIDIZE THIS THE PRICE THAT YOU PAY FOR ENERGY-WHETHER ELECTRICITY AT YOUR HOUSE OR GAS AT THE PUMP-ISN'T ACTUALLY THE PRICE THAT THE MARKET WOULD SET FOR THAT ENERGY. The government spends billions of dollars to support the energy industry, which allows it to make energy cheaper than it should cost on the open market. These subsidies-either in the form of tax breaks or direct funding-favor some types of energy over others, giving our country a skewed sense of what each gallon of gas or wind-powered electron costs. This is a look at where the government directed its subsidy dollars from 2002 to 2008. SOURCE by the Foviimating U.S. Government Subsidies to Energy Sources Environmental Law Institute CARBON CAPTURE AND STORAGE RENEWABLE ENERGY CORN ETHANOL FOSSIL FUELS $2.33 $12.2 6.2 $16.8 1 $70.2 53.9 TAX BREAKS TAX BREAKS BILLION TAX BREAKS BILLION TAX BREAKS BILLION BILLION BILLION DIRECT SPENDING BILLION BILLION DIRECT SPENDING BILLION BILLION DIRECT SPENDING BILLION DIRECT SPENDING $16.3 BILLION BILLION A collaboration between GOOD and Deeplocal
Energy Cost Spending Statistics
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