THE PRICE THAT YOU PAY FOR ENERGY-WHETHER ELECTRICITY AT YOUR HOUSE OR GAS AT THE PUMP—ISN'T ACTUALLY THE PRICE THAT THE MARKET WOULD SET FOR THAT ENERGY.
The government spends billions of dollars to support the energy industry, which allows it to make energy cheaper than it should cost on the open market. These subsidies—either in the form of tax breaks or direct funding—favor some
types of energy over others, giving our country a skewed sense of what each gallon of gas or wind-powered electron costs. This is a look at where the government directed its subsidy dollars from 2002 to 2008.
CARBON CAPTURE AND STORAGE $2.3 BILLION
TAX BREAKS $ .3 BILLION
DIRECTSPENDING $2 BILLION
RENEWABLE ENERGY $12.2 BILLION
TAX BREAKS $6.2 BILLION
DIRECTSPENDING $6 BILLION
CORN ETHANOL $16.8 BILLION
TAX BREAKS $11 BILLION
DIRECTSPENDING $5 BILLION
A collaboration between GOOD and Deeplocal