EIA: U.S. ENERGY SUBSIDIES IN '92 COST $5-13 BILLION

The Energy Information Administration in a new report says U.S. subsidies for energy production were $5-13 billion in 1992. The EIA report is the first major U.S. government study on the subject since 1980. EIA selected a range of $5-13 billion because there is no universally accepted definition of "subsidy" nor a valuation method applicable to every federal program. It noted, "Direct expenditures for most types of federal energy programs have declined since the early 1980s, while many tax

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