That calculation is based on a pretty naive comparison between prices paid and actual costs. http://www.worldenergyoutlook.org/resources/energysubsidies/methodology/ …
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But this could miss indirect support. So Stefanski published a neat paper last year estimating subsidies from historical carbon/GDP ratios.
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@pmarca@EdjoSadowski@patrickc my guess is that as a percent of total sales, it shares the stageThanks. Twitter will use this to make your timeline better. UndoUndo
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@patrickc@Bill_Gardner But everyone is always telling us, the common folk, to reduce our carbon footprints. Hypocritical much?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patrickc@sesiegler Have wondered for years why extremely profitable oil companies get subsidies of any kind. $$ buys political favors.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patrickc @TheMurdochTimes I stole your tweet.Thanks. Twitter will use this to make your timeline better. UndoUndo
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