Sen. Calls Oil Giveaway “Crapshoot”

Senator Kevin Meyer conceded that it is not known whether Senate Bill 21 will actually lead to significant oil production increases, despite a giveaway of billions of dollars from state coffers. “Realistically, we all would expect new oil,” Meyer said. But he added, “It’s kind of a crapshoot. You really don’t know, and the industry certainly isn’t going to say one way or the other, because you know their motivation is to try to keep the rates down as low as they can.” A billion dollar a year crapshoot! Yay! Anyone want to play? I didn’t think so. Oh, and…