15 Articles
Oct 28, 2006
Study shows Americans pay billions for ethanol subsidies

A recent study conducted by the Swiss-based group called Global Subsidies Initiative revealed the total cost of the tax breaks and subsidies that go into U.S. production of ethanol to be in the whopping range of $5.1 to $6.8 billion for 2006. It estimates that U.S. tax payers shell out about $17 per million BTUs. For comparison, a 1989 study calculated oil and natural gas subsidies at less than 40 cents per million BTUs after adjusting for inflation.

Derrick Y. Noh
Oct 28, 2006
China looks towards an alternatively fueled future

Considering the rate at which China is industrializing, the thought of just how much oil they'll consume in future years is staggeringly high. With that in mind, Feng Fei, director of the industrial economics research department with the Development Research Center of China's State Council, announced that by 2025, 50 percent of China's cars will run on fuels other than gasoline. At this point, the alternatives appear to include diesel, biofuels and hydrogen.

Derrick Y. Noh
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