ClaimsVinod Khosla

“The U.S. spent $502 billion subsidizing fossil fuels in 2011.”

Vinod Khosla, venture capitalist, in open letter to CBS 14 January 2014 Vinod Khosla hits back at 60 Minutes for cleantech errors (Fortune) archived copy

Factual Economics and markets

The U.S. spent $502 billion subsidizing fossil fuels in 2011.

Unresolvable The public record could not settle it.

Factual: Statements about the present or the past, checked against the record: did they hold up?

The second judge said resolved true; the verdict shown is the first judge's.

What would count as true or false

Judge as of 2014-01-14. True: a credible source estimates US fossil-fuel subsidies in 2011 at about $502 billion (within about ±5%), and the claim does not misstate what the figure measures. Mostly true: the figure matches a published estimate, but that estimate uses a broad definition (e.g., IMF post-tax subsidies that include unpriced externalities) that the claim does not mention. Mixed: credible estimates differ widely, and the $502 billion figure matches only the broadest one. Mostly false: the figure is attributable to a real estimate, but it covers a different scope (e.g., global or G20 subsidies) or a different year, or it is externality-inclusive while presented as direct spending. False: no credible estimate near $502 billion exists for US fossil-fuel subsidies in 2011, and direct US subsidies were an order of magnitude lower, with nothing underlying the figure.

Set before the research began.

Evidence (3)

  1. E1 How much of your tax money goes to oil and gas? The Christian Science Monitor · 1 November 2013

    “In 2011, developing and industrialized countries spent $1.9 trillion to subsidize fossil fuels, according to the International Monetary Fund, with the US spending $502 billion.”
  2. E2 Fossil Fuel Subsidies International Monetary Fund · 1 October 2026

    “Implicit subsidies: occur when the retail price fails to include external costs, inclusive of the standard consumption tax.”
  3. E3 How Much Does the Federal Government Support the Development and Production of Fuels and Energy Technologies? Congressional Budget Office · 6 March 2012

    “In 2011, federal support totaled an estimated $24 billion, which was provided in the following ways:”

Reasoning

E1 confirms that the IMF estimated US fossil-fuel subsidies in 2011 at $502 billion, but it does not say which IMF measure this is, and E3 covers only direct federal energy support. The verdict depended on the claim not mentioning a broad, externality-inclusive definition, but the subject's surrounding text does mention externalities, so the evidence does not settle which category under the criteria applies.

Cite this claim

Vinod Khosla, “The U.S. spent $502 billion subsidizing fossil fuels in 2011.” (said 14 January 2014). Verdict: unresolvable. Reliability API, claim c_c05e717d769f, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_c05e717d769f

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Vinod Khosla, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

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