Analysing oil-production subsidies
Ronald Steenblik ()
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Ronald Steenblik: Organisation for Economic Co-operation and Development
Nature Energy, 2017, vol. 2, issue 11, 838-839
Abstract:
Understanding how subsidies affect fossil-fuel investment returns and production is crucial to commencing new reforms. New analysis on the impact of subsidies on US crude-oil producers finds that, at recent oil prices of around US$50 per barrel, tax preferences and other subsidies push nearly half of new oil investments into profitability.
Date: 2017
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DOI: 10.1038/s41560-017-0027-6
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