"We find that, at recent oil prices of US$50 per barrel, tax preferences and other subsidies push nearly half of new, yet-to-be-developed oil investments into profitability, potentially increasing US oil production by 17 billion barrels over the next few decades."https://www.nature.com/articles/s41560-017-0009-8.epdf?
Tuesday, February 25, 2020
Half of new oil production in US requires subsidy at $50 price
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