This report builds on the OECD’s longstanding work measuring government support in agriculture, fossil fuels,
Processing or refining facility
Although the oil shale industry is still in its commercial infancy, it has a long history of government support that continues today. The Bureau of Land Management recently issued two new research, development, and demonstration leases and new federal regulations for commercial leases and royalty rates are expected any day. Before the federal government goes down that road it’s important to take a look back and ask whether we should be throwing good money after bad.
This analysis provides the first detailed accounting of oil and gas subsidies in Norway. The report finds that Norwegian government provided 25.5 billion Norwegian kroner (US$4 billion) in subsidies for upstream oil and gas activities in 2009.