Effects of a Severance Tax on Oil Produced in California

Rejoinder

by Frank Camm, Christopher W. Myers

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In September 1982, The RAND Corporation published a study of how a new severance tax on California oil production would affect, among other things, government tax revenues, profits, and oil production (F. Camm et al., Effects of a Severance Tax on Oil Production in California, R-2940, September 1982). Funded by the California State Assembly, the study provides a framework for discussion of several severance tax alternatives under consideration. Shortly thereafter, eleven oil companies jointly funded a study by The Economics Group, Inc., which reviewed the RAND analysis and attempted to extend parts of it (R. T. Deacon et al., The Proposed California Crude Oil Severance Tax: An Economic Analysis, The Economics Group, Inc., RFD-83038-CC, February 1983). This Note is a rejoinder to that study.

This report is part of the RAND Corporation note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.

This research in the public interest was supported by RAND, using discretionary funds made possible by the generosity of RAND's donors, the fees earned on client-funded research, and independent research and development (IR&D) funds provided by the Department of Defense.

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