Governor Arnold Schwarzenegger has reversed his position on off-shore drilling in the wake of the BP oil-spill disaster in the Gulf of Mexico. Schwarzenegger now says that he no longer supports an effort to open California’s coast near Santa Barbara to new oil drilling. The governor had backed the new drilling because it would generate about $100 million in state tax revenues. But the new money, he said yesterday, according to the Chron, isn’t worth it:
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