re: Lisa Murkowski Suddenly Realizes She Got Played on Trump Budget Bill

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There isn’t a single form of energy that isn't subsidized. You wouldn’t want to see the true cost of electricity with zero subsidization

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It would not go up much. From Google AI…

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Government subsidies to the natural gas industry, through various mechanisms like tax breaks and direct funding, lower production costs and, consequently, reduce prices for consumers. The exact increase in natural gas prices if these subsidies were removed is difficult to pinpoint with certainty, but studies suggest the impact might be less significant than some might assume. For example, one study found that eliminating oil and gas tax preferences would increase world oil prices by a mere 10 cents per barrel in 2030, which translates to a minimal increase for the average US consumer. Similarly, for natural gas, the impact on consumer prices was estimated to be only a few cents per million Btu, leading to a small annual increase in consumer spending.

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She is worst kind of politician. Only votes for something if she is bought off.

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It would not go up much. From Google AI…

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Lmao.

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If energy prices went up, then entrepreneurs would race to provide efficient energy in order to capture that profit. “Green” projects take money away from efficient energy production like nuclear

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lol ok.

I don't know about subsidies for oil and gas but they have to be drastically less as a % vs. solar or wind. These renewables are ok, solar at least, on small scale uses but not on any critical scale for reliable large applications.

Nuclear should be the future. Not sure why nuclear would need subsidies if common sense regulatory requirements were enacted. The environmental wackos have too much influence..

Prior to Trump, per BTU/KW, use whatever energy unit you want, green energy subsidies dwarfed traditional forms of energy. The fact that they just don't deliver much of those units and therefore green backers only parrot total subsidy $, isn't the win they think it is.

Google can be your friend, but apparently not in this case.

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2. Specific subsidy amounts Solar received $139.82/MWh, while wind received $21.70/MWh. In contrast, natural gas and oil received $2.03/MWh, nuclear received $1.86/MWh, and coal received $1.13/MWh. These figures from 2003 demonstrate the disparity in subsidy per MWh between different energy sources.

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Google can be your friend, but apparently not in this case.

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You don’t even know how to ask the right question to get to an answer.

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I just don’t have the energy to educate today.

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Then I’ll do the work.
The US subsidizes oil and gas to the tune of about $20 billion per year. You will read much larger amounts, like $700 billion, but these are calculated by including climate change mitigation costs, which is a bunch of crap. Also, they’ll include much of our military spending with the logic that the military is trying to keep oil flowing internationally. Also specious reasoning. We are considering tax breaks and direct subsidies.

The US produces 13 million barrels per day, but I’ll use 10 million at $60 per BBL. This is $219 billion. We make natural gas too. We are over 38 trillion SCF at about five bucks per thousand. That’s another $190 billion. So just oil and gas production yields $409 billion and receives $20 billion in subsidies. Add $20 billion to $409 billion and you’ve raised the price a little less than 5%.

And don’t forget that we are only looking at raw production prices. Much of the price of our energy comes downstream of that - from refining, distributing, etc. So the real inflation would be much less that the 5% I calculated.

I’d like to see all subsidies for energy ended just the same. It is market distorting and politician empowering bullshite.