June 24, 2013
TO PARAPHRASE TEX ANTOINE...:
Will the Golden State Go Brown? : The fracking revolution might be coming to California. (Chris Reed, 12 June 2013, City Journal)
...if fracking's inevitable, lie back and tax it.Why has expanded fracking gone from the longest of long shots to nearly a sure thing? Veteran Sacramento watchers say green scare tactics--especially the false claims that fracking is untested--failed for several reasons. For one thing, Governor Jerry Brown struck a straightforward tone on regulation, angering greens by presenting the expansion of fracking in the state as a given. For another, the Obama administration's support for fracking--made plain in a November 2011 report and reaffirmed last month by Interior Secretary Sally Jewell--undercut environmentalists' warnings. Finally, the USC study's projections that fracking could generate up to $24.6 billion in state and local tax revenue, along with 2.8 million jobs by 2020, grabbed the attention of union-aligned Democratic lawmakers eager to create well-paying blue-collar jobs.Even devout environmentalists seem to be waking up to the windfall that could ensue if the brown-energy revolution arrives in the Golden State. Consider the recent behavior of state senator Noreen Evans, a Santa Rosa Democrat, Coastal Conservancy member, smart-growth advocate, and driving force in California environmentalism for decades. Last month, after her proposal to increase taxes on oil production died in a senate committee, Evans told reporters that she remained confident the bill would pass. "If we as a state are going to expand fracking operations, we ought to tax it," she said--sounding like a lawmaker who sees fracking as part of California's future.
Posted by Orrin Judd at June 24, 2013 5:18 AM
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