Big Oil’s campaign to influence the political system and the journalists that cover it has real world consequences in California, where oil drilling permits have skyrocketed in recent weeks.
The state's pioneering law allows it to cap oil industry profits and impose fees on companies that exceed it. The law could be a model for other states.
Industry Slams Passage of Oil Law - Los Angeles Business Journal labusinessjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from labusinessjournal.com Daily Mail and Mail on Sunday newspapers.