Category Archives: Crude Oil/Gas Prices

Alaska’s Economy Threatened by High Oil Taxes – A Cautionary Tale for California

Posted on March 27, 2013 by wspa-admin

By Catherine Reheis-Boyd Proponents of an oil severance tax on California oil producers routinely point to Alaska, which has the highest such tax in the nation, as clear evidence that a state government can extract disproportionately high taxes from a … Continue reading →

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New Report: Monterey Shale Promises Unprecedented Economic Benefits for California

Posted on March 15, 2013 by wspa-admin

By Catherine Reheis-Boyd There’s been a lot of excitement lately over the potential benefits of California’s Monterey Shale – a 1,700 square mile oil-bearing shale formation primarily in the San Joaquin Valley that contains an estimated 15 billion barrels of … Continue reading →

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New Report: Market Conditions Caused 2012 Gas Price Spikes

Posted on February 15, 2013 by wspa-admin

By Catherine Reheis-Boyd Last fall, gasoline prices in California shot up to record levels. Some service stations in Southern California reportedly either ran out of fuel or stopped selling fuel. And this all was occurring at a time when crude … Continue reading →

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Guest Blog: Major Study of LA-Area Oil Production Finds No Environmental Impacts From Hydraulic Fracturing

Posted on October 19, 2012 by wspa-admin

By Dave Quast California Director of Energy In Depth In recent days, it has been disappointing to see activists dismiss the findings of a major study on the Inglewood Oil Field completely out of hand, and in some cases, before … Continue reading →

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Leg Analyst: Auction is Not Necessary to Achieve AB 32 Goals

Posted on August 24, 2012 by wspa-admin

By Catherine Reheis-Boyd California’s non-partisan Legislative Analyst’s Office has concluded the California Air Resources Board’s planned auction of emission allowances is costly and not necessary for the state to achieve the greenhouse gas emission reduction goals established by AB 32, … Continue reading →

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PPIC Poll and the Question that Is Begging to be Asked

Posted on August 9, 2012 by wspa-admin

By Catherine Reheis-Boyd The most telling question in the Public Policy Institute’s recent poll of attitudes about cap and trade and AB 32 policies was the one that wasn’t asked. Nowhere in the poll did PPIC ask Californians how much … Continue reading →

Posted in Crude Oil/Gas Prices, Economic Impacts, Environment, Fuel Supply | 1 Comment

Boston Consulting Group Study Measures Impacts of Climate Change Policies

Posted on June 19, 2012 by wspa-admin

To better understand the potential impacts from California’s many new climate change policies, WSPA engaged the services of the respected Boston Consulting Group (BCG) to analyze the likely economic and environmental impacts of those policies. The results are sobering. According … Continue reading →

Posted in A Message from WSPA, Crude Oil/Gas Prices, Economic Impacts, Environment | 2 Comments

New Study Raises Concerns About Low Carbon Fuel Standard

Posted on December 14, 2011 by wspa-admin

The California Air Resources Board recently adopted regulatory amendments to the state’s Low Carbon Fuel Standard (LCFS), affirming its commitment to the climate-change program. Although WSPA has not opposed the goals of the LCFS, which requires a 10 percent reduction … Continue reading →

Posted in A Message from WSPA, Crude Oil/Gas Prices, Economic Impacts, Environment, Uncategorized | 3 Comments

Facts about Gas Prices and Earnings

Posted on May 3, 2011 by wspa-admin

As some of the major publicly traded petroleum companies report their first quarter 2011 earnings, we find ourselves once again called upon to explain the large profit numbers being reported at the same time consumers are paying high prices for … Continue reading →

Posted in A Message from WSPA, Crude Oil/Gas Prices | 2 Comments

Oil Severance Tax is Back

Posted on April 22, 2011 by wspa-admin

Below is a letter from me published Thursday, April 21, responding to an article that appeared in the Capitol Weekly newspaper April 14. I think the letter accurately sums up our position on the severance tax. Continue reading →

Posted in Crude Oil/Gas Prices | 1 Comment