The Oil Industry and California's Fiscal Crisis

California is one of the few states in the United States that does not have a depletion oil tax. Even Sarah Palin increased Alaska's oil depletion tax from 23% to 25%. Some of this oil is even on California State lands but is not taxed.

Peter Mathews is a professor at Cypress College in Orange County. He will discuss the present fiscal crisis in California, where the money is, and why an oil depletion tax can finance education and resolve the present budget crisis.

Sharat G. Lin will give a brief introduction to the upstream oil industry in California.

All welcomed Donations accepted
This event is sponsored by San Jose Peace and Justice Center