Natural gas fracking well in Louisiana, (c) 2013 Daniel Foster
EIA's newest energy subsidy study repeats the problems of their last one
EIA's newest subsidy study leaked on the weekend, and was officially released today. It's a long report, so I want to spend more time reading through it before doing a detailed post. However, my quick read on the weekend was enough to know that my earlier concerns on their mandated scope of research have largely been borne out.
They've done a bit better job breaking out renewables (so the large portion going to ethanol is more clearly visible), steered clear of showing subsidies per unit energy produced (though others will calculate this from EIA's provided data in about five minutes), and done more to describe all the things they have left out up front. But in the end, it is clear that the majority of the limitations from last time remain, plus a handful of new ones. As a result, the picture of subsidies that they have painted, and that others will quote widely, remains as incomplete as ever.