Link here to the Energy Tribune.
... CBO data, we find that the tax preferences for wind energy total $1,540 per barrel of oil equivalent per day.
At $1,540 per barrel of oil equivalent per day, the wind sector is getting subsidies that are about 12 times as great as the amount of tax preferences provided to the oil and gas sector.
Here are the numbers: In 2011, domestic oil and gas production totaled 19.736 million barrels of oil equivalent per day. Last year, according to the CBO, the tax preferences extended to the fossil-fuel sector totaled $2.5 billion.Therefore, a bit of simple math shows that the tax preferences for the oil and gas sector cost taxpayers about $127 per barrel of oil equivalent per day.
Readers on high blood pressure medication should probably not visit the linked article.
