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California's gifts to Big Oil
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--Amazon Watch
Peruvian police attacked unarmed indigenous tribes' protesting multibillion oil and gas
developments on their tribal lands, June 2009.
The State of California continues its globally unique practice of giving its oil and gas reserves to the globally homicidal oil industry with no oil extraction tax, even as school closures loom, as the State of California approaches financial default, and, as reports of oil violence continue to pour in from around the world:
Palestine: War and natural gas: the Israeli invasion and Gaza's offshore gas fields, January 8, 2009
Eurasia: Liquid War, Postcard from Pipelineistan, March 24, 2009
Iraq: Renewed violence spreads to oil sector, May 8, 2009
Nigeria: Oil violence forces thousands from their homes, May 26, 2009
Sudan: Western states determined to destroy Sudan in fierce fight for oil, June 3, 2009
Peru: Peru's deadly battle for oil in the Amazon, June 10, 2009
The 9.9% oil extraction tax proposed first by Arnold Schwarzenegger, and, then, by State legislators, in a budget package that Governor Schwarzenegger vetoed in December, would raise almost $2 billion dollars, 1/12th of the state's $24 billion shortfall.
A windfall oil profits tax equivalent to the past twelve years would make up the entire $24 billion, stop the school closures, and put an end to California's pathetic pleas for a federal bailout, on the grounds that we're too big to fail.
Both would signal the end of California's extraordinary gifts to Big Oil.
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