Few new tax proposals have dominated the recent political debate in Sacramento like calls for a new levy on each barrel of oil produced in California. Both sides say it's a no-brainer; not surprisingly, it's a little more complicated than that.
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Few proposals have had as many twists and turns in 2009 as a plan to allow new oil drilling in waters less than three miles off the California coast. But even after serious setbacks, few expect the proposal to fade away anytime soon.

The proposal is known as Tranquillon Ridge, and it's the focus of my lengthy story that aired this morning on The California Report. You can listen by clicking below.

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