Big Oil's empty threat - moving is really not an optionQuicklink submitted by Amanda Lang Permalink
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|The industry always threatens to move elsewhere if we raise taxes. But in reality, it can't -- With states looking to raise taxes on oil and gas production and better regulate the most controversial drilling practices, we can expect industry to soon trot out its tried and true argument against such moves. As they did here in Colorado a few years back when our governor proposed a hike in severance levies, oil and gas companies will promise to leave any place where taxes or regulation increase. Such blackmail deftly plays to our reflexive fears of job outsourcing -- and those fears are understandable. Indeed, in a 'free-trade' era that has seen corporate decision-makers dream of putting 'every plant you own on a barge' and shifting production to the lowest-wage nations on earth (a direct quote from GE's then-CEO Jack Welch), offshoring is very real in too many industries.|
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