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View Diary: Seduced by Big Oil, California is Now Up for Sale (34 comments)

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  •  Go read your own comment again (0+ / 0-)

    An oil extraction tax would not imply or require or permit any new drilling.  It would say that any current drilling -- there is some in the state, you know -- would be subject to taxation.  This would, if anything, would reduce drilling here by making it more expensive.  My previous post was an attempt to point this out to you gently and playfully: an extraction tax would not permit new drilling, so there's no need to worry that it would create a huge gusher of oil (as opposed to, fancifully, of dollars.)  Got it?

    They tortured people to get false confessions to fraudulently justify invasion of Iraq.

    by Seneca Doane on Sat May 16, 2009 at 09:20:12 AM PDT

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    •  Oh. Got you. And I was thinking that... (1+ / 0-)
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      Seneca Doane

      ...the extraction tax you were referring to was a tax on the new drilling that the diary is about.

      So, I guess the answer to my question is "no."

      ;-)

      Secrecy? Covering up torture? Military Commissions? Trillions to Wall Street? Mountain top removal? Change we can believe in, my ASS!

      by expatjourno on Sat May 16, 2009 at 10:09:43 AM PDT

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      •  Gotcha -- no problem (1+ / 0-)
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        expatjourno

        I'm sorry that the resolution that the CDP passed at the end of the convention calling for a tax on existing oil extraction hasn't gotten more press -- it's a good idea.

        They tortured people to get false confessions to fraudulently justify invasion of Iraq.

        by Seneca Doane on Sat May 16, 2009 at 11:45:29 AM PDT

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