Oil and Gas in the Capitals ///

There is a widespread perception that US federal energy policies provide enormous subsidies and incentives to the oil and gas industry while offering relatively little to renewable energy. This refrain was heard at a March 17 hearing of the US House Natural Resources Committee; in his opening statement, ranking minority member Rep. Edward J. Markey (D-Mass.) reportedly called US energy policy a horserace between subsidized traditional fossil fuels and underfunded new technologies that have been trapped in the starting gate. This purported imbalance is frequently invoked by special interest groups arguing in favor of vastly increased federal support for renewable energy.

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