Welfare Kings? Study Finds Half of Current Oil Production Unprofitable Without Government Handouts

DeSmogBlog
By Justin MikulkaOct 3, 2017, 4:03 pm130 pts
A new study published in the peer-reviewed journal Nature Energy found that 50 percent of current oil production in America would be unprofitable if not for government subsidies. The study, performed by researchers at the Stockholm Environment Institute and Earth Track, Inc., found that, at prices of $50 per…

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