I recently was reading one of my favorite newspapers online and came across two articles stacked one on top of the other. One article was talking about a rise in California gas tax and the other was talking about the U.S. reaching a 20 year high for oil output.
As the saying goes "Don't mess with Texas", because they're producing a great majority of the approximately 7 million barrels of oil per day. According to the U.S. Energy Information Administration this is the highest volume since 1992. Not only is this a twenty year high but also looks to take over Saudi Arabia as the top oil producer in the world.
Texas, North Dakota, and Alaska are major players in the U.S. oil production business and have helped to increase the economy in these oil rich areas. Texas has blown past the headline darling North Dakota recently and is now attributed as producing a third of the U.S. oil production in the last half a year.
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At the very same time I was reading this article I was reading what is happening in my native state of California. California recently has been running record high gas prices in part to unique gas that's more environmentally friendly for the summer travel season. The other reason California has experienced extra high gas prices recently is due to the excise and sales taxes that are wrapped in the price per gallon.
This goes back in part to former Governor Arnold Schwarzenegger's administration when he signed in a so-called "fuel tax swap." This in its most basic terms is where the sales tax goes down on price per gallon by equal amount to the increase of the excise tax.
The good news is the revenue from the excise tax goes to the highway and mass transit projects all over California. The 3.5 cent per gallon tax increase will half an increase of about half a billion dollars in tax. However, this does make me wonder what the highways would look like if we didn't have the excise tax.
Matt Golab was recruited to write a chapter in Tom Hopkins upcoming book, Victory scheduled to be released later this year. Matt also received the Editors Choice Award for his contribution to Victory, not every contributor is selected for this high honor.
Matt is an authority on creating innovative tax and investment solutions to help his clients succeed in their retirement years. The strategies Matt Golab has established and passed on through successful financial planning with hundreds of clients over the years has launched him into the national spotlight. He is often featured in Senior Market Advisor Magazine, a publication which attracts the top financial planners in the country. Matt has been featured in newspapers around the country passing on the principals for a successful retirement. Golab is often asked by national websites that focus on the education of consumers to present his knowledge on the areas of retirement and retirement income plans. Matt has been featured in The San Francisco Chronicle, The International Business Times, TheSmartRetiree, Good Day Sacramento and soon will be appearing nationwide on ABC, CBS, Fox, and NBC as well as USA Today.
Golab is the Author of The Consumer's Guide to Planning Your Retirement: Your Guide to Mental Peace and Financial Well Being. Matt Golab continues to expand the geographic reach of his audience and desires to bring his expertise to a nationwide television audience. Matt emphatically states his mission, “I want to change the way Americans view their retirement. They can succeed (stay retired) regardless of what happens in the market". Contact information for Matt is available at his website,