26 Oct '11, 7pm

Direct subsidies to fossil fuels are the tip of the (melting) iceburg

Direct subsidies to fossil fuels are the tip of the (melting) iceburg

In this context, the current debate over energy subsidies seems entirely misbegotten. What's the point in arguing over some $4 billion per year in oil industry subsidies (which I have long opposed) when we're already on the hook for $1.6 trillion per year to remain with our current transportation regime? ... This context also demonstrates why the US High Speed Rail Association's newly-updated $600 billion price tag for a system that would cover all our major metropolitan cities is decidedly cheap. The $40 billion or so we've spent on Amtrak is peanuts. Who wouldn't think it makes sense to spend a bit more than one-third of our existing annual transportation commitment to permanently retire a substantial portion of our unsustainable air and road traffic? Instead of incremental spending on an effectively dead transportation regime, we should be thinking about one that can su...

Full article: http://www.grist.org/energy-policy/2011-10-26-direct-subs...

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