Writing on the wall | TheUnion.com

Writing on the wall

On Page 5 of the Feb. 16 Union we find that perhaps $800 million for schools and roads may be raised over the next 5 years, partially by selling off 2,000 acres of the Tahoe National Forest. This is 2 percent of the total 85,000 acres proposed for sale in California. This averages out to $9411.76 per acre, if the $800 million figure only refers to the sale of the California acreage. The Tahoe land would then have added $18,823,520 to fund schools and roads. The article also mentions 300,000 total federal acres that could be sold. If this is the land that generates the $800 million, the price per acre reduces to $2666.67, yielding $5,333,340. A Page 1 article states that the local Dorsey Drive project alone will cost $26 million.

Turn to page six, where we discover that between 7 and 9.5 billion dollars will be lost in oil royalties over the same 5-year period, due to a 1995 law that was designed to spur production when oil prices were down to $18.43 per barrel. Current prices hover around $50 per barrel. Oil companies are reporting record profits. Wake up and smell the coffee, my fellow Americans.

Lou Meyer

Grass Valley

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