To: President Donald Trump, The United States House of Representatives, and The United States Senate
End Foreign Fossil Fuel Subsidies
Stop or limit funding for foreign oil subsidies and invest taxpayer money into alternative and sustainable forms of energy.
Why is this important?
A fossil fuel subsidy is any government action that lowers the cost of fossil fuel energy production, raises the price received by energy producers or lowers the price paid by consumers. In the United States, credible estimates of taxpayer money invested in these subsidies range from $10 billion to $52 billion annually, and that's only from the United States itself. World oil subsidies have been credibly estimated at $409 billion in 2010. While money is poured into foreign countries to protect their oil supplies, funding for sustainable and home-grown fuels is minimal to none.
The foreign oil industry is a finite industry. Oil is becoming more and more expensive to produce as costs for production, finding, and obtaining oil are rising. This will only cause a greater need for subsidies and more taxpayer money. Limiting the United States' dependence on foreign oils by putting subsidy funds toward development of dependable and sustainable fuels, will allow our economy as well as the environment, to also become dependable and sustainable.
The foreign oil industry is a finite industry. Oil is becoming more and more expensive to produce as costs for production, finding, and obtaining oil are rising. This will only cause a greater need for subsidies and more taxpayer money. Limiting the United States' dependence on foreign oils by putting subsidy funds toward development of dependable and sustainable fuels, will allow our economy as well as the environment, to also become dependable and sustainable.