quote:
Of course that is why they pay like they do but point I was trying make earlier is that ND was regulated in terms of O&G like Cali and other blue states, would the state be booming and able to pay people to move there? Solid leadership and regulations have made that possible.

I think there are two questions to answer, and they would just be opinions

a) if california was regulated like ND, would it be booming? I believe the answer is no. California is highly diversified and has a huge petrochemical industry (although more regulated).

b) if ND was regulated like california, would it be booming? I believe the answer is yes but less so than it is now. Fracking is legal in california as of right now but california has a more strict permitting process so it would likely slow growth.

The majority of blue states have little to no natural reserves so its a moot question for anything but California.

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Posted by stevengtiger

Member since Jul 2013

2778 posts

Posted on 8/20/14 at 1:50 pm to Hawkeye95

quote:
California is highly diversified and has a huge petrochemical industry (although more regulated).

No doubt they are diversified but it is my undersatnding that there is a potential offshore prospect that could be huge (similiar to GoM). If it is anything like the Gulf, would Cali boom instantly? No, but I can easily say more jobs, more tax income(like they need it) and growth to economy.

quote:
if ND was regulated like california, would it be booming?

There would still be growth but much slower and much more $ being spent in court rooms and lawyers instead of economic spending. Again, all of this is just my opinion and I am not a smart man.

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