Guest Post by Willis Eschenbach
For folks with sensitive stomachs, I’d advise that you do not read the “Working Paper” named How Large Are Global Energy Subsidies? It was produced by the IMF [the “I” stands for “International” and most folks know what a “MF” is] as part of the media blitz in preparation for the upcoming quackathon in Paris, the 21st IPCC Climate Gabfest and Conference of the Partygoers. The Working Paper has attracted all kinds of alarmist headlines. The Guardian says “Fossil fuels subsidised by $10 million a minute, says IMF – ‘Shocking’ revelation finds $5.3 trillion subsidy estimate for 2015 is greater than the total health spending of all the world’s governments” … YIKES! One thing is clear from all of the ranting—those folks think energy subsidies are a baaaad thing.
Now, this is a curious point of view, since the Guardian and their friends are 1000% behind subsidizing…
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