I don't think it will. People mostly move for jobs. Less oil jobs, less demand for housing in rural areas to keep metro area pricing high.
Also, this is not likely to make national news or anything so it's unlikely to catch the attention of any greenies.
There are other factors that will determine the housing market as it's already leveling off, but this won't help.
There are a lot of people either directly or indirectly employed in CO due to the presence of the Oil & Gas Industry. One possible upshot is that we may see a population decrease in CO. Of course, I suspect many in the O/G industry are likely not "progressives" so we'd probably be losing more conservatives than libs which isn't good for our future.Quote:
Originally Posted by Grant H.
Correct. They are mostly conservative, and them leaving for other fields will be bad politically.Quote:
Originally Posted by theGinsue
A friend of mine is a real estate investor and he was telling me that we have seen a consistent 50k/yr moving into CO for the last 5 years (since the collosally stupid MJ law passing) and yet we have only built 30k homes in the past 5 years. Lots of rentable apartments and town homes, but limited single family homes.
The front range has a very strong job market with tech, .mil contractors, etc (basically even if O/G slows way down, ie this bill passing) and that coupled with the influx of people tells me the RE market might cool marginally, but only a little.
In all honesty, most of the O/G folks I know are buying more NE or E than the front range anyway. So, them moving/slowing will be less detrimental to the front range than other areas.
Additionally, it's not like O/G is going to fold up shop and just wholesale move if this passes. All the existing production will still exist, and where the Granola People don't control will still allow production, albeit at much higher costs...
It will be interesting to see where this goes...
Not sure about how many moved there but the average population increase since 2013 was about 85,000 per year. The population is 5.8 million now!Quote:
Originally Posted by Grant H.
When I got out of the AF and moved back to CO in 1989 the population was about 3.2 million. It almost doubled in 25 years.
Which is why the industry is fair game.Quote:
Originally Posted by Grant H.
The power Dems use against us isn't just to advance a nonsense agenda but to attack/destroy their political opponents. Anyone else find it funny they hate US production of fossil fuels done under full state/EPA regulation and want to promote foreign production with no regulation and benefitting questionable countries/regimes?
Think about the insanity of this... Colorado O&G creates jobs, pays taxes, and obeys the laws = BAD! Buying barrels from Saudi = GOOD!
Dems would be plenty happy shutting down all industry outside the urban corridor and consolidating economic power in Denver/Boulder.
Hey, Polis was in the Rio tonight.. must be turning in to the local lefty hangout.
Perfect place for a statist with their three marg limit! [LOL]Quote:
Originally Posted by def90
For those of you who have facebook accounts, here is a live stream from Owen Hill showing how they're 'reading' the 2000 page O&G bill. While it is questionable whether they're even following the letter of the rule, they are so far off on the intent of the rule that it is almost laughable.
Laughable reading of the bill from Owen Hill
Wow.
There is no way anyone could understand a bill being read that fast. That is not legitimate.
I suspect that O&G companies will immediately file a lawsuit to try and hold this up saying that unintelligible high speed computer reading was not legal and the law was not legally implemented.Quote:
Originally Posted by DavieD55
Or they will give a big "screw you" to the state and walk away from doing business in the state.
Now what would be interesting is if the O&G just didnt send the tax money and made the state take them to court to get it. The State has it spent before they have it. Delays in getting the money would hurt.
Multiple computers speed reading separate parts of the bill simultaneously? No. The intent is not to understand. The intent is to meet the letter of the rule. This is how our government is governing us. By cutting corners. And the Dems are tweeting about how this is such a waste of money wanting to hear a 2000 page bill read at length on the floor. The whole process is disgusting. This isn't how the sausage is made, this is a bunch of children making laws that impact everyone whether they like it or not.Quote:
Originally Posted by DavieD55
Doing to CO what AOC did to NYC (Amazon).Quote:
Originally Posted by DDT951
Here's the other twist... There are operators and non-ops who are HQ'd in Denver. Like I keep saying; in a service economy the Lib shitties is where the revenue is booked, not created.
I happen to know a small private equity outfit (op) that runs some wells in another state and has leased office space for their folks in Denver. Everyone was WFH prior. Why would they/should they stay?
ETA: And the trickle down....
Energy legislation threatens jobs, economy in Pueblo region
https://www.chieftain.com/opinion/20...-pueblo-region
A democratic stronghold, that (IIRC) went for other than HRC in 16.Quote:
Originally Posted by Skip
At least the Ds got called out in court for their simultaneous computer speed reading stunt. - A Denver judge gave Republicans in the Colorado legislature a victory Tuesday, ordering that Democrats in the state Senate and the chamber’s clerk be barred from reading legislation in an unintelligible way
I have the privilege to work for one of those private equity backed operators. We operate in West Texas but are headquartered in Denver. Our CEO was pretty candid about what we as a company would do had 112 passed. He was prepared to move the company out of Colorado even though we don't operate here. If the state doesn't support the industry, then they shouldn't get our taxes. I'd be fine with moving north. A little less fine moving to West Texas....Quote:
Originally Posted by Skip
Ahhh, West Texas. You can see your dog run away for three days there. Did some work in Pampa for a few weeks and man is it flat there.Quote:
Originally Posted by fj605
You can stand on a tuna can in Midland and see Dallas.
Hahahahahhaaaaaa... I lived in Lubbock for an eternity (2 years). The above statement absolutely represents W.Texas. The only cool thing about W. Texas was watching the dust storms roll in from miles away.Quote:
Originally Posted by fj605
Quote:
Originally Posted by DDT951
Which is a win win on their road to socialist utopia.
I hear the same thing!Quote:
Originally Posted by fj605
Any decrease in revenue will justify a tax increase on the rest of the state to cover it. They are virtue signaling at our expense.
Meanwhile...
JARED POLIS HOPED TO STYMIE COLORADO OIL AND GAS WHILE PROFITING OFF OF HIS CANADIAN ENERGY INVESTMENTS
https://www.compasscolorado.org/jare...y-investments/
Quote:
According to his own financial disclosure statements, Polis is an investor in two Denver-based Bow River Capital funds that invest heavily in the Canadian oil and gas industry – a market with a much looser regulatory framework than that of Colorado or the United States. Polis personally has more than $250,000 invested in these funds. If Polis scuttles oil and natural gas development in Colorado, the value of his personal investment holdings in Canada could increase as domestic supply contracts as a result.
https://www.denverpost.com/2019/04/0...es-amendments/
It's passed everything but having PoleSmoker sign it...
Screw the voting people's voice, right?
Silence peasant!
We're further along the path of ruining our great state.
"Polis “is thrilled to see” the bill pass,"
IOW, he's thrilled to send Colorado down the shitter.
The Colorado Secretary of State?s Office has approved a recall petition for Greeley dem state Rep. Rochelle Galindo, allowing her critics to begin collecting signatures as they try to remove her from office.
https://www.sos.state.co.us/pubs/ele...Petitions.html
Hopefully the first of many.
I sincerely hope they recall her, but I'm worried it won't happen.
During the Weld County "2A Sanctuary" stuff, it came out that Greeley is behaving as a "Illegal Immigration Sanctuary City" but refuses to label themselves as such, since there would be significant negative repercussions....
Greality is a completely different city than all of weld cty. You could tell when they not only elected Dave Young, but decided to keep him in office for a 2nd term.Quote:
Originally Posted by Grant H.
Oh, I know.Quote:
Originally Posted by Great-Kazoo
Just saying that that was when it actually came out as public that they are acting as a Sanctuary City, but refuse to label themselves as such in fear of loosing federal money.