NO on 87
http://www.nooiltax.com
YES on 87
http://www.yeson87.org
Haven't they figured it out? It's just passed to consumers.
This will cause the closing of marginal fields and preclude the investment required for new drilling or rehabilitation.
Let me think...
Create a huge new welfare bureaucracy under the guise of "alternative energy" and the "innocent sounding" "subsidies"?
Or allow market forces once more to find the most profitable alternatives with no government interference?
Ummmmmm. Let me think. Ummmmm.
I'll get back to you!
California did just fine a few years back without electricity, I imagine they don't really need fuel either.
I might support an additional tax on oil, as long as that oil is produced from drilling off California's shore. Perhaps the state could consider offshore drilling leases, with the proceeds going to fund alternative energy. Perhaps the state could just ask for a general increase in the sales tax, so the burden could be shared among the population. The reason they want to tax oil companies is that they have been demonized by the Democrats for so long that they appear a natural target.
I think the oil companies should cut production as necessary to shield themselves from this unfair behavior. The oil will still be in the ground when the corrupt politicians get the message.
By the time big oil pours millions of dollars into this campaign, the voters will think yes is no and no is yes. This measure has no chance of passing.