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Sacramento Bee | May 01, 2014 | by Dan Walters
However, were the Legislature to pass a levy on extraction and ban fracking, the much-vaunted oil tax – a holy grail goal of liberals for decades – would generate declining amounts of money as oil production declined. Thus, our conflicts over being so utterly dependent on a commodity we fear, produced by companies we love to hate, translate into nonsensical politics as well.
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