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- Local Production
Flash Report | October 13, 2014 | by Katy Grimes
Special interest-pushed government punishments on oil include moratorium proposals, severance taxes, extraction taxes, resistance to new refineries and refinery expansion, and even heavy tax favoritism to ‘competitors’ that can’t compete. But making it harder to produce goods and services in California, because of punitive taxes and heavy regulation on oil and gas, means more production will occur elsewhere, with the net effect of worsening environmental quality.
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