Oil Production in California – Polls show no support for new taxes

Oil Production in California – Polls show no support for new taxes

(SACRAMENTO, CA) – The Public Policy Institute of California released new statewide polling showing that if an oil severance tax were on the ballot today, it would fail. Those in the camp that would support such a measure, that could potentially impose a 10 percent “oil extraction tax” for oil production in California is none other than California billionaire environmentalist, Tom Steyer. This tax would significantly increase the cost of California oil production.

“Hedge fund billionaire Tom Steyer, who can afford higher prices at the pump and was the highest political spender in the last election, has floated an idea to increase oil taxes. This new polling shows that California voters, who have struck down a similar statewide measure in the past, do not want a billionaire to force them into paying higher oil taxes.  Californians understand that a higher oil tax would be paid for out of their own pockets through higher costs for energy as well as goods and services,” said Sabrina Lockhart, communications director for Californians for Energy Independence.

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Californians for Energy Independence is a coalition that supports state and local policies that allow for continued domestic energy production and opposes those policies – such as oil taxes and energy bans—that would hinder production and increase reliance on foreign oil.

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