California hit harder than any other state because of poor quality of its oil

[captain morgan]

Very true.

BC is slowly learning these facts relative to their current experience with LNG facility/port development. Petronas, a large Malaysian energy company has threatened to pull their multi billion project away if the provincial government doesn't 'play ball' with respect to decisions (approval process) and the tax/royalty regime.

I can't speak for California directly, but I understand that the State itself has a GDP in the trillions and is considered in the top 10 global economies (ranked against entire nations)... Damned impressive.

What is truly confusing is that somehow the State was teetering on the verge of illiquidity and flirting with bankruptcy (as far as I read somewhere a few years back).

Boggles the mind

 

[EagleSmack]

Above the water/below the water, in iceberg lingo it would be the rollover move when freefloating, same as Van. Is, rolled up like a jelly roll.
Survival would be using that move sailors use when righting a boat, stand on the keel and watch the water trickle out of the sails and when she pops up you make your move and end up in the boat all nice and dry, fuk up the timing and you watch the boat sail over the horizon without you.

da faq?

 

[Tecumsehsbones]

What is truly confusing is that somehow the State was teetering on the verge of illiquidity and flirting with bankruptcy (as far as I read somewhere a few years back).

Boggles the mind

That's to do with the state budget, not the economy. When the wisdom of vox populi dictates more goodies and lower taxes, you get that.

 

[captain morgan]

That's to do with the state budget, not the economy. When the wisdom of vox populi dictates more goodies and lower taxes, you get that.

Yep, the bennies kept a coming, but the taxes weren't being lowered... Quite the opposite in fact.

All the same, doesn't change the fact that they had the GDP to afford all the social services, yet made the decision to burn the opportunity.

As mentioned, British Columbia did the very same thing in the past and now they are sucking hind teat with a predominately service-based economy with the addition of raising the existing taxes on top of fabricating new ones.

 

[Tecumsehsbones]

Yep, the bennies kept a coming, but the taxes weren't being lowered... Quite the opposite in fact.

All the same, doesn't change the fact that they had the GDP to afford all the social services, yet made the decision to burn the opportunity.

Funny part is folk call this "the collective wisdom" or "common sense," and don't even bat an eyelash.

As mentioned, British Columbia did the very same thing in the past and now they are sucking hind teat with a predominately service-based economy with the addition of raising the existing taxes on top of fabricating new ones.

Whereas in Alberta, men have three-foot d*cks and ride horses. Yay.

 

[captain morgan]

Funny part is folk call this "the collective wisdom" or "common sense," and don't even bat an eyelash.

Read an interesting article in the Economist a few years back suggesting that California is a failed experiment in Direct Democracy.

Reap what you sow I suppose

Whereas in Alberta, men have three-foot d*cks and ride horses. Yay.

Oh?.. So you've been here then?

How was the visit?

 

[Tecumsehsbones]

Read an interesting article in the Economist a few years back suggesting that California is a failed experiment in Direct Democracy.

Reap what you sow I suppose



Oh?.. So you've been here then?

How was the visit?

Took me a while to figure out why they sold boots in trios instead of pairs.

 

[petros]

Whereas in Alberta, men have three-foot d*cks and ride horses. Yay.

Dude, that's an impressive duck but my cock is 3'6" and I hate horses. I'll stay away.

 

[Tecumsehsbones]

Dude, that's an impressive duck but my cock is 3'6"

I understand your confusion of metric and American measures. 3.6 cm is actually about an inch and a half.

 

[taxslave]

da faq?

Can only be explained by sniffing sewer gas.

 

[petros]

I understand your confusion of metric and American measures. 3.6 cm is actually about an inch and a half.

It's an E Euro cock. It'll tear you four foot duck to shreds.

 

[Nuggler]

da faq?

Jus da faqs.:roll: