BOHICA... Oil and Gas Ban, despite the voters saying no in Nov...

[Irving]

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.

[theGinsue]

It passed it's first committee vote... On precisely party lines.

On to it's next vote, which I believe is one more committee.

It's sad to see CO get fawked over like this.

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.

[Grant H.]

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.

Correct. They are mostly conservative, and them leaving for other fields will be bad politically.

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...

[Bailey Guns]

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...

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!

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.

[Skip]

Correct. They are mostly conservative, and them leaving for other fields will be bad politically.

[snip]

Which is why the industry is fair game.

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.

[def90]

Hey, Polis was in the Rio tonight.. must be turning in to the local lefty hangout.

[Skip]

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!

[avandelay]

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

[brutal]

Wow.

[DavieD55]

There is no way anyone could understand a bill being read that fast. That is not legitimate.