Ten Billion Reasons
ExxonMobil posted a profit $10,490,000,000 for the third quarter. Let’s do the math: A quarter is thirteen weeks. So, 10.49 divided by 13 equals 807 million dollars a week. It would take five weeks to pay the four billion dollar tax established by proposition 87. One company all by itself could fund California’s leadership in an industry that will give us. independence from foreign energy and the wars necessary to maintain a steady supply of that energy. And there is certainly more than one company selling oil in California.
Four billion dollars is literally a drop in the bucket to them.
Sure, I go with the stick-it-to-‘em crowd. Haven’t they been sticking it to us—forever?
If there was just one reason to vote yes on 87, it would be revenge. Maybe not a good reason, but certainly understandable.
One good reason to vote yes is because of their bad behavior: They tell us they will import more oil so they can beat our tax. That’s just a poor attitude on their part. And also an untrue statement. The current tax on a barrel of oil would be 3.3 cents per gallon. It will cost more than that to import oil.
They know this, they’re hoping we don’t.
True, the law would create an energy bureaucracy. But let’s look at who will sit on the board. People who are expert in their respective fields; scientists and UC Deans. People who probably already have designs for saving energy but have been sat on by Big Oil. Does anyone seriously doubt that the technology already exists to get us off of foreign oil? Are there still people who think the oil companies are run by honest businessmen in an honest, Christian way?
Please.
How hard is it to stuff a turbo diesel engine in a plug-in hybrid vehicle? You’d have a car that could run from here to San Diego on a tank of fuel that could be grown right here in the marginal farmlands of California for next to nothing. Plans to build this car--which already exist--will not see the light of day unless we stand up to big oil. It isn’t just the four billion dollar tax that has them worried. Their future profits would take a huge beating if we all drove cars that got 90 MPG.
Some people still cannot see that the war in Iraq is for oil. I don’t know what to tell them. Perhaps they believe that the record profits of the oil companies since the start of the war are just coincidence. I cannot help them.
This is the most compelling reason to vote yes on 87. The oil companies profit in death. Those profits have been bought with American blood. Couldn’t we do something a little nobler with the proceeds?
What better way to honor our brave soldiers! Instead of giving their lives for private profit, we could all rest easier knowing that they gave their lives freeing us from the need for war.