Tom Shepstone reports that the facts on federal energy subsidies dramatically favor investment in natural gas over other energy sources commanding large subsidies and producing little.
The Energy Information Administration (EIA) released some fascinating data a few weeks ago regarding Federal subsidies of the energy industry. The information is a powerful illustration of why Shepstone concludes that natural gas is the future of energy for the U.S. and, for that matter, the world.
Requested by Congress, the data come from a special study summed in this article. It demonstrates how few energy subsidies is required by the natural gas industry and what a tremendous bargain it is for America, he writes.
Federal energy subsidies, in fact, overwhelmingly go to renewables with very little return on the dollar compared to natural gas.
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