07 July 2005

Subsidies to the U.S. oil industry

Beart this in mind when talking about the costs of renewables. "Should governments stand back, letting the 'invisible hand' of the 'free' market do its job? Up to a point, but today’s energy playing field is far from level. Subsidies to the U.S. oil industry alone run into the tens of billions of dollars annually, aside from Iraq and the costs of keeping other oil-rich regions vaguely stable."

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