Posts Tagged: t.
A view across the river of the CalSTRS headquarters in West Sacramento. (Photo: ImageAllan, via Shutterstock)
OPINION: Here’s the best advice: To the more than 3 million retirees, teachers, firefighters, nurses, police officers and other state and local government employees who rely on the state’s two largest pension funds: Do not be alarmed. To the critics who periodically predict – always following downward swings in the stock market – that the pension funds will someday not be able to meet their obligations: Do not be alarmist.
Recent warnings about the dangers of overreliance on petroleum have come from an unlikely cast of characters, including former presidential candidate Ron Paul, business magnate T. Boone Pickensand even a Saudi prince (who warned against his nation’s over dependence on oil exports). If Californians want to disentangle our economy from oil and from the world events that can impact oil prices while cutting our greenhouse gas emissions to 1990 levels by the year 2020—a goal given the force of law by AB 32, the Global Warming Solutions Act—we need to consider the surprising connections that drive our state’s dependence on petroleum.