Federal subsidies boosted US shale oil and gas profits by billions of dollars, study finds
A new analysis from the Stockholm Environment Institute finds that federal oil and gas subsidies helped spur and sustain the US shale boom.The US government added as much as $20 billion a year to the value of new oil and gas projects over the last two decades, amplifying companies’ expected profits during the shale booms in the Bakken, Appalachian, Haynesville, Eagle Ford and Permian basins, according to a new SEI report. The report – How subsidies aided the US shale oil and gas boom – is one of the first analyses to estimate