How much would the state of California (almost bankrupt) make in propety taxes if they were to allow an oil company to build 6 oil refineries?? Oil refineries that America is in bad need of..How much does a state like Texas make in property taxes from one oil refinery?
It's in the millions, whereas states like California's problems are in the billions. So it would help, but only a little. If they were really serious about bringing in revenue they would allow offshore drilling. But we all know that drilling for oil and oil companies are evil so we can't have any of that. The fact that they have superior technology nowadays and excellent environmental records makes no difference. Instead we should demand that unfriendly nations produce more oil for us. And no, renewables aren't going to pick up the slack for many many years so we'll be a fossil fuel based economy for a long time to come.
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