Who gets Federal Energy Subsidies
Energy Subsidies increased from 1999-2007
Total Federal energy-specific subsidies and support to all forms of energy are estimated to have reached $16.6 billion for fiscal year (FY) 2007, according to Federal Financial Interventions and Subsidies in Energy Markets 2007, released today by the Energy Information Administration (EIA).
http://www.eia.doe.gov/neic/press/press296.html
Energy Study by U.S. Energy Information Association(EIA) Tax Payer bill
| $16.6 Billion in subsidies to: | |
| Solar | $24.34/Mega Watt Hour |
| Wind | $23.37/Mega Watt Hour |
| Coal | $.44 /Mega Watt Hour |
| Natural Gas | $.25/Mega Watt Hour |
| Ethanol/bio fuel | $5.73/BTU of energy produced |
According to the report the so-called 'Environment Friendly Alternative Fuels' are receiving billions in subsidies. However, these 'renewable' fuels only produce only %5 of America's energy.
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