The power of the petroleum industry in California may be unparalleled in the states. Its lobbying machine is stupendously successful. For instance, California remains the only significant oil producer that does not tax oil extracted in the state. It has very weak–perhaps the weakest–regulation of oil and gas extraction, particularly hydraulic fracturing of deep deposits, known as “fracking.” State environmental laws are under constant attack.
|By: Consumer Watchdog Tuesday February 26, 2013 1:15 pm|