“Total Federal energy-specific subsidies and support to all forms of energy are estimated to have reached $16.6 billion for fiscal year (FY) 2007, according to Federal Financial Interventions and Subsidies in Energy Markets 2007, released April 9, 2008 by the Energy Information Administration (EIA). This amount is more than double the level, in real terms (2007 dollars), of the estimated $8.0 billion shown in the last EIA report on subsidies completed in May 2000.”
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