Alberta — home to Tar Sands – is $12 billion in debt, compared to oil producing Norway which has a $1 trillion in reserves. Why? Norway taxes the oil companies big time.

By Mitchell Anderson, ipolitics.com

Norway gets $46.20 in royalties per barrel vs $4.04 in Alberta.

“Even if oil was worth nothing tomorrow, the country would still have no public debt, fully funded social programs that we can only dream of, and a very large nest egg to transition to a new economy.”

So why on earth would Contra Costa County follow Alberta’s example…and not Norway’s?

chart oil

http://www.ipolitics.ca/2015/01/23/the-bloom-is-off-the-boom-how-alberta-blew-it/

March for Real Climate Change in Oakland February 7th

anti-fracking-sacramento

Thousands of Californians from across the state are gathering in Governor Jerry Brown’s longtime home of Oakland to say that we need real climate leadership.

Across the state wells are drying up, more than a dozen cities are in real danger of running out of water, & there’s no question it’s being made worse by climate change. But instead of reigning in the oil and gas industry & putting an end to incredibly dangerous and water-intensive practices like fracking, Governor Brown has been letting companies continue with business as usual.

Join people from all corners of California this February in telling Governor Brown that if he won’t be a real climate leader, that if he won’t stand up to the fossil fuel industry, then we will. Because this is about our water, our health, & our California.

WHEN:   February 07, 2015 at 11am -5pm

WHERE:  Oscar Grant Plaza,  1 Frank H Ogawa Plaza (14th and Broadway) Oakland
If you are going by BART, just get off at the 12th Street, Station

P66 Rodeo Refinery — a Subsidiary of Wealthy Conoco Phillips — Cries Poor and Gets Its Property Taxes Vastly Reduced with Co Co County’s Blessings

Phillip 66 got its property taxes vastly reduced based on claims of lack of profitability as opposed to the actual value of the property (it owns over a third of the property in Rodeo).   Setting aside the total lack of transparency of this back room deal, just how does a subsidiary of one of America’s biggest oil extraction and refining companies…cry poor?

keep calm and cha ching

Many thanks to Rodeo resident Teagan Clive for presenting her letter to the Board of Supervisors and basically breaking this important news story.  The clip of the Ms. Clive’s comments are embeded below in Ed Tannebaum’s fine blog, CRGNA.org

http://crgna.org/blog/2015/01/new-property-tax-base-for-p66/