Just read a bit about the massive subsidies the fossil fuels industry receives in the U.S and I was confused. Aren’t these companies one of the most profitable ones in the U.S?
In: Economics
Energy cost directly relations to societal wellbeing, market productivity, and military capabilities.
It’s basically a no-brainer to smooth out medium-term energy prices, subsidize infrastructure, and counter short-term spikes for elected policymakers.
It does however impede energy transition efforts and other long-term policy needs.
So now we’re in this position where long-term stability and wellbeing requires reorganizing our energy policies to support energy transition while minimizing negative impacts where possible.
This is going to be very complex and hard to do.
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