Paper Summary:

This paper examines the phenomenon of energy subsidies and how they have had an effect on society. From giving the companies the influence they need to push drilling legislation to effects on world hunger, energy subsidies have been problematic for the ecology of this nation as well as the world; they have been a distorting force in the market place and have been detrimental to the social condition of this planet. From the pressures to drill ANWR to Third World poverty, energy subsidies have created a superpower out of the resource lobby. The various consequences of the subsidies are chronicled, and several solutions are also presented.

From the Paper:

"In order to deal with the transition to more renewable sources and a more efficient economy, there is no reason why those who are "environmentally virtuous" should not be rewarded. Belgium has cut sales taxes for energy saving devices by 2/3 of the original amount and conversely has made those who drive inefficient vehicles pay more in road taxes. Denmark and Norway have also tied vehicle size to the amount of taxes paid on them. The best part of this plan is that does not change the amount of taxes paid and does not change a given nations position, meaning that it can be done with only that one nation's interest in mind."

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