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What is the Real Subsidy to Oil Companies?

October 3, 2012

2010 subsidies:

Power Source

Total U.S. Subsidy
(millions)

Coal $1,358
Oil and gas $2,820
Nuclear $2,499
Biomass / biofuels $7,761
Geothermal $273
Hydro $216
Solar $1,134
Wind $4,986

Subsidy per energy produced:

Power Source

2010 U.S. Power Consumption
(million bbl. oil equivalent)

Subsidy Cost per Energy Equivalent Barrel of Oil Consumed

Coal 3,439 $0.39
Oil and gas 10,012 $0.28
Nuclear 1,394 $1.79
Biomass / biofuels 381 $20.37
Geothermal 35 $7.80
Hydro 414 $0.52
Solar 18 $63.00
Wind 153 $32.59

Source for both charts: U.S. Energy Information Administration.

Charts are from The Motley Fool —  Read the whole very good article!

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