More than two billion U.S. dollars in subsidies and public support by the U.S. government went toward natural gas and petroleum liquids in 2022. This was largely attributed to tax expenditure (or tax breaks).
Energy-specific subsidies and public support for natural gas and petroleum liquids in the United States from 2016 to 2022, by type
(in million 2022 U.S. dollars)
Characteristic
Tax expenditure*
R&D
Direct expenditure
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EIA. (August 24, 2023). Energy-specific subsidies and public support for natural gas and petroleum liquids in the United States from 2016 to 2022, by type (in million 2022 U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1463346/united-states-oil-and-gas-subsidies-by-type/
EIA. "Energy-specific subsidies and public support for natural gas and petroleum liquids in the United States from 2016 to 2022, by type (in million 2022 U.S. dollars)." Chart. August 24, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1463346/united-states-oil-and-gas-subsidies-by-type/
EIA. (2023). Energy-specific subsidies and public support for natural gas and petroleum liquids in the United States from 2016 to 2022, by type (in million 2022 U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1463346/united-states-oil-and-gas-subsidies-by-type/
EIA. "Energy-specific Subsidies and Public Support for Natural Gas and Petroleum Liquids in The United States from 2016 to 2022, by Type (in Million 2022 U.S. Dollars)." Statista, Statista Inc., 24 Aug 2023, https://www.statista.com/statistics/1463346/united-states-oil-and-gas-subsidies-by-type/
EIA, Energy-specific subsidies and public support for natural gas and petroleum liquids in the United States from 2016 to 2022, by type (in million 2022 U.S. dollars) Statista, https://www.statista.com/statistics/1463346/united-states-oil-and-gas-subsidies-by-type/ (last visited August 25, 2024)
Energy-specific subsidies and public support for natural gas and petroleum liquids in the United States from 2016 to 2022, by type (in million 2022 U.S. dollars) [Graph], EIA, August 24, 2023. [Online]. Available: https://www.statista.com/statistics/1463346/united-states-oil-and-gas-subsidies-by-type/