Government Report Confirms that Federal Energy-Related Subsidies Have Increased 108 Percent in 3 Years; Wind Subsidies Increased 10-fold

Posted August 2, 2011 | folder icon Print this page

WASHINGTON – The Energy Information Administration (EIA), a research and data analysis arm of the Department of Energy, has released a report that details the amount of taxpayer subsidies that were distributed to energy producers in 2010.  The federal government handed out $37.2 billion to energy producers in 2010, an increase of 108 percent from the $17.9 billion doled out in 2007.  The largest increases in federal subsidies were in renewable and end-use subsidies.

Among the key findings:

-Subsidies to the wind industry increased 10-fold, from $467 million in 2007 to $4.9 billion in 2010, while that source’s share of total energy production increased from 0.5 percent to 1.2 percent during the same time.

-Renewable energy subsidies increased by 186 percent from $5.1 billion to $14.7 billion.

-In 2010, solar received $745.19 per unit of energy produced and wind received $52.68.  That same year, hydropower received $0.84 per unit of energy produced and coal received $0.64 per unit.

-In 2010, oil, natural gas, and coal accounted for 78 percent of U.S. energy production while receiving 11 percent of all federal energy subsidies.

In response to the report, Thomas Pyle, president of the Institute for Energy Research, issued the following statement:

“This new report shows the huge price tag for politically-favored energy sources.  With the American taxpayer footing the bill, the federal government handed over $37 billion dollars to energy companies in 2010 alone.  At a time when our nation is drowning in $14 trillion of debt, Washington has no business propping up companies with taxpayer dollars

“President Obama has doubled-down on taxpayer subsidies for politically-favored energy sources.  While the ‘green energy future’ sounds good in a speech, these sources continue to provide negligible amounts of energy and suck up billions of dollars every year from American taxpayers.  It’s about time for President Obama to realize that Washington-controlled energy dictates are wasting taxpayer dollars and providing no benefits to the American people.

“More than ever, America needs a level playing field for energy producers so that companies are forced to compete in the marketplace and taxpayers can hold on to more of their hard earned money.”

This post has no tags yet.
Author:
John Mavretich
  • Pingback: Can we stop worshipping at the altar of wind energy yet? | Western Free Press

  • http://www.facebook.com/people/Barbara-Heun-Ploch/100000787210201 Barbara Heun-Ploch

    Say what? Subsidies for wind energy increased from $467 million in 2007 to $4.9 billion in 2010.  We the American people footed the bill,  Our govt. handed over $37 billion dollars to energy companies in 2010.  How do you like drowning in $14 trillion dollrs in debt as a nation?   It sickens me to think that there are people without jobs, homes and food while our Government continues to put money in the hands of these wealthy companies.  How many of you are seeing the benefits of your hard earned money? Let me see a show of hands. 
    Oh there in the back Mr. Wind turbine  and Mrs. Solar Farm in the corner with their heads down…greedy you should be ashamed of yourselves.

    Don Quixote

  • Pingback: No Apologies

  • Pingback: North America’s Incredibly Expanding Resources | JunkScience.com