The oil industry has already cued its publicity people to recite text from the Fear and Loathing Anti-Tax Playbook handed down by oil company employees since the discovery of Prudhoe Bay: Any tax increase, no matter how small, will kill investment and ruin the industry, the Fear and Loathing playbook says.
These bills will not kill investment, though there will be much wailing and gnashing of teeth, along with the fear and loathing.
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