Thursday, June 18, 2009

California needs a Sarah Palin Empowerment Act



The State of Alaska, famously said to favor the oil and gas industries, drives the world's hardest bargain with its oil and gas companies; they charge a 25% tax at the wellhead. California charges 0%.
California refineries buy crude oil, and natural gas at market price, from drillers in both Alaska and California.
California refineries buy crude oil, and natural gas at market price, from drillers in both Alaska and California. Alaska charges a 25% oil and gas severance tax; California charges none.

Cross post from Examiner.com.

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