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Message: <blockquote data-quote="1krr" data-source="post: 2709124" data-attributes="member: 750">Clever except the government defines subsidies specifically focused on energy as “subsidies that are provided by the federal government, provide a financial benefit with an identifiable federal budget impact, and are specifically targeted at energy markets.” The oft-quoted "alternatives would die without subsidies" oil industry propaganda is refering to tax credits. But if you want to cut those out, that's ok. The fossil fuel industry took in nearly $750MM in 2010 in direct subsidies from the government mostly on "energy independance grants" whilst making record profits. You are right though, the renewables took in nearly twice that, a whopping $1.4B. Damn that government and it's picking winners. Except for the fact that in the first 15 years of life, the oil/gas industry consumed .5% of the federal budget in industry subsidies while modern renewables consume less than 0.1% or 1/5th the amount oil and gas comsumed in its early years. That winner picking business kind of pissed the coal guys off back in the day I hear...<a href="http://www.eia.gov/analysis/requests/subsidy/pdf/subsidy.pdf" target="_blank">http://www.eia.gov/analysis/requests/subsidy/pdf/subsidy.pdf</a><a href="http://i.bnet.com/blogs/dbl_energy_subsidies_paper.pdf" target="_blank">http://i.bnet.com/blogs/dbl_energy_subsidies_paper.pdf</a></blockquote>