Greg Pinelli

Prop 87: Follow the Money

Prop 87 is not about following the money. Every election in California is about money...so that tells us very little.
A more accurate moniker might be Follow the Pandering. Prop 87 plays off envy and fear. Oil companies are making lots of money..lots of people in California aren't and almost everyone is afraid oil prices will become prohibitive and we won't have anything to replace beloved crude. It seems to make little difference that taxing crude will almost certainly encourage oil companies in the State to conserve their reserves rather than pump them..and it is a definite certainty that no bureaucracy will ever efficiently develop alternative sources of energy at anything approaching acceptable market rates.
Bill Clinton and Al Gore..whose trips to California were heavily sunsidized by every U.S. taxpayer...have agendas that are politically motivated and are pushing a plan that they will never have to personally suffer the economic consequences of..How convenient.