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CA - Campaign 2006: Costly contest over oil tax plan
(Prop. 87)
Sacramento Bee ^
| July 23, 2006
| Laura Mecoy
Posted on 07/24/2006 11:20:29 AM PDT by calcowgirl
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To: mysterio
The high price also spur investment in traditional and nontraditional petroleum production. Which is what was lacking after 98~99. Which is what got us to the marginal surplus capacity. Which is what got us to the prices of today.
The energy market has been through these cycles several times before. This is nothing new, just the latest round.
21
posted on
07/24/2006 10:07:49 PM PDT
by
thackney
(life is fragile, handle with prayer)
To: thackney
The high price also spur investment in traditional and nontraditional petroleum production.
Even if oil is $100 a barrel, they won't let us drill. That's why I'm ready to ditch oil, or at least compete it back down to $35 a barrel.
22
posted on
07/24/2006 10:28:59 PM PDT
by
mysterio
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