Posted on Thursday, 6/18/2009 - 11:51 p.m. PDT — by friend2all
A California oil extraction tax will not generate the revenues anticipated.
Crude oil production in California and Alaska is in decline and California refineries have become increasingly dependent on foreign imports. Led by Saudi Arabia and Ecuador, foreign suppliers now provide more than two-fifths of the crude oil refined in California. Placing an oil extraction tax on California produced oil will just cause refiners to purchase increased amounts of foreign oil to maximize profits while avoiding the tax. Increasing California foreign oil imports will tend to exacerbate the national balance of payments problems.
There are more than 500 California state government agencies, departments, and commissions. The fairest thing I can suggest that will raise the necessary revenue and close the budget gap is to make across the board cuts in all 500+ state agencies, departments, and commissions.
California should release from employment one half of the most highly paid upper one third of employees in California State Agencies, Departments, and Commissions to close the budget gap.
California should balance the budget by trimming bureaucratic bloat and reducing the cost of government.
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Joined: Jul 2009
Current Posts: 25
Well, since you are smarter than anyone ever born before and after you......I think the best thing to do is buy and sell that pot you obviously been puffing on to become so brilliant.....If it does not generate the tax credit / shelter / foundation to pull California out of its crisis, well maybe it will just create a care free state....
Joined: Jun 2009
Current Posts: 6
Sufficient revenues could be had to fund State Government by using appropriate alternate reactor technology to fully burn all of the nation's production of depleted uranium. Depleted uranium is produced from mined uranium ore in the process of enriching the fissile U-235 content of fuel pellets for reactor fuel rods. The nation yearly produces in excess of 12,000 tons of depleted uranium which is largely treated as a controlled waste product. Approximately six times the amount of energy available in the nation's production of spent nuclear fuel would be available in the yearly production of depleted uranium (U-238). The total value of the electricity that could be generated from fully burning all of the spent nuclear fuel and depleted uranium now completely wasted while producing the nation's enriched uranium fuel for its commercial power reactors is approximately $4.9 trillion dollars presuming a 2009 average retail cost of electricity of 9.79 cents per KW-h as reported by DOE EIA.
Thorium Molten Salt Reactors are good science. Dr. Edward Teller, the founding director of the Lawrence Livermore National Laboratory, wrote his final paper a month before his death on the subject of the advantages of Thorium Molten Salt Reactors. http://www.geocities.com/rmoir2003/moir_teller.pdf
I do not use weed or advocate its use but would not like to offend the many people that enjoy it. I continue to advise the expanded use or marijuna in the engineering departments of our industrial competition.