Posted on 11/07/2008 9:34:27 AM PST by NormsRevenge
Sounds like California is planning on importing more oil and producing less domestically.
It will certainly be cheaper for oil companies to ship oil from the other side of the world than to pay this tax by producing locally.
It would be a bad time to invest in a California drilling company.
Bwahahahahaha! This more recent article answers my question:
http://www.freerepublic.com/focus/f-news/2128021/posts
Refuse to sell in California. Let Arnold find his own damn oil. Buy air time telling Californians their government wants to put you out of business, so you're going to just leave...like so many other small businesses in their state.
taxes on pizzas, and gas, and clothing, and beer, and toilet paper . . but lawyers get a godd-— free ride.
Arnold is such a tool!
Only 9.99 percent? I have a better idea, how about a 50 percent tax on oil. What are you afraid of, Arnold?
Damned simple solution is available to producers....pump NOTHING once tax is implemented.
All California Oil producers should shut down operations and move out. Problem solved.
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