Baldy wrote:kalm wrote:
Subsidies in a broad sense are simply support. In the narrow sense of energy subsidies they include things like tax breaks, infrastructure investment, and R&D. But it would be naive to not include military expenditures.
Let me know if you need help with anything else.

In a broad sense, "simply support"?
subsidy -
noun: Monetary assistance granted by a government to a person or group in support of an enterprise regarded as being in the public interest.
Unless you are in Obama's preferred group of alternative energies, there is no such thing as subsidies for carbon based energy companies. I know it is mouth watering red meat for the simpletons of your ilk, but simply being allowed to keep more of
YOUR money doesn't meet the qualifications for being a subsidy.
I thought you were smarter than that.

Hey look! I can post definitions too!
Energy subsidies are measures that keep prices for consumers below market levels or for producers above market levels, or reduce costs for consumers and producers.[citation needed] Energy subsidies may be direct cash transfers to producers, consumers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market access. They may also include energy conservation subsidies.[citation needed] The development of today's major modern energy industries have all relied on substantial subsidy support
.
Types of energy subsidies are:
Direct financial transfers – grants to producers; grants to consumers; low-interest or preferential loans to producers.
Preferential tax treatments – rebates or exemption on royalties, duties, producer levies and tariffs; tax credit; accelerated depreciation allowances on energy supply equipment.
Trade restrictions – quota, technical restrictions and trade embargoes.
Energy-related services provided by government at less than full cost – direct investment in energy infrastructure; public research and development.
Regulation of the energy sector – demand guarantees and mandated deployment rates; price controls; market-access restrictions; preferential planning consent and controls over access to resources.
Failure to impose external costs – environmental externality costs; energy security risks and price volatility costs.[4]
Depletion Allowance – allows a deduction from gross income of up to ~27% for the depletion of exhaustible resources (oil, gas, minerals).
You can't pay to keep the straits of Hormuz open much less all the other forms of subsidies that the fossil fuel industry has enjoyed over the years with "people being able to keep their money."
That's not to say we shouldn't have, but at this point renewables are deservedly getting more of a look. Government picking winners and losers...how un-capitalistic of you...
