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re: States run by Republican governors boast highest economic growth rates
Posted on 8/20/14 at 1:50 pm to Hawkeye95
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.
3
Posted on 8/20/14 at 2:04 pm to stevengtiger
quote:
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.
California's tourism industry is pretty big. They, like Florida, are going to be very concerned with any drilling activity off shore....especially after the high profile BP incident off the coast of Louisiana.
It's interesting though. In many ways, parts of California were established by mining natural resources, including oil.
This post was edited on 8/20/14 at 2:06 pm
Posted on 8/20/14 at 3:47 pm to stevengtiger
quote:
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.
right but the lack of the boom would likely be due to the diversified very large economy. Not b.c it wouldn't work.
And we don't know what ND would do about off shore drilling as they don't have off shore. I would assume they would be for it, but if they had a coastline, then more people would live there and thus might change policy.
quote:
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.
I don't think its court room time, i think its bureaucratic process that is the issue. And I agree.
Posted on 8/20/14 at 6:51 pm to stevengtiger
quote:
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 econom
True, but unlike in ND it would also come with some massive trade offs as California's off shore stuff is near offshore so extracting it would devastate tourism and other local income sources.
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