December 30, 2015, 5am PST
The world's third cheapest gasoline will increase by 40 percent in order to deal with a record budget deficit of $98 billion this year. Plummeting oil prices have forced the world's largest oil exporter, Saudi Arabia, to reduce energy subsidies.
May 20, 2015, 5am PDT
An IMF working paper determined that global energy subsidies totaled $5.3 trillion this year, the worst offenders are China and the U.S. Placing a price on these subsidies, which include air pollution and carbon emissions, may be key to mitigation.
February 24, 2015, 6am PST
With SUV sales up, car sales down, and mileage driven up, the effects of lower gas prices could soon extend to land use, making suburban and exurban commuting more affordable. Economists have a term for these effects: demand response.
The Wall Street Journal - The Outlook
February 5, 2015, 1pm PST
Just as plummeting oil prices have caused state and federal political leaders to consider raising gas taxes, leaders in developing nations, both oil producers and consumers, are considering reductions in national energy subsidies.
March 31, 2013, 1pm PDT
A new IMF report recommends cutting energy subsidies globally to reduce overall fossil fuel emissions, reports Brad Plumer.