Oil Company Protest
On July 22, 2010, over a thousand protesters marched to Occidental Petroleum offices in Westwood, Los Angeles to demonstrate against the California state loophole that allows oil companies to extract oil, tax free. Of the major oil producing states, only California does not have an oil severance tax on the million barrels of crude that are extracted from California lands and waters each year, money that is much needed revenue for the state's budget shortfall. Many people feel the oil tax could amount to over $1 billion and could offset proposed major budget spending cuts and job losses. Los Angeles, California, USA.