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How will all of the anti-oil legislation affect LA's economy?

Posted on 6/4/10 at 9:40 am
Posted by Nature Boy
Negatiger
Member since Jan 2008
19153 posts
Posted on 6/4/10 at 9:40 am
Seems like with all of these drilling moratoriums, the seafood industry getting trashed, etc., the worst may be yet to come for LA. It will take years to recover from this, and the aggressive stance the Feds will take against the oil companies and drilling could really kill our economy between tax revenues and layoffs.
This post was edited on 6/4/10 at 9:41 am
Posted by TJG210
New Orleans
Member since Aug 2006
29424 posts
Posted on 6/4/10 at 9:42 am to
It will be horrific........thanks mr o
Posted by Oyster
North Shore
Member since Feb 2009
10225 posts
Posted on 6/4/10 at 9:46 am to
Just hoping this doesnt get to be a Dem Vs Rep deal in congress. If it does the Dem will stuff it up our A** just like they did with healthcare. Bye Louisiana. The great oil crash of 2010.
Posted by Nature Boy
Negatiger
Member since Jan 2008
19153 posts
Posted on 6/4/10 at 9:47 am to
Honest question. I don't mean to be a doomsayer. Everyone is thinking about the short term (stopping the leak, cleanup, oiled birds, etc.), but I can't see how we can avoid even bigger long term ramifications. It just kind of dawned on me this AM.
Posted by Nature Boy
Negatiger
Member since Jan 2008
19153 posts
Posted on 6/4/10 at 9:52 am to
quote:

Just hoping this doesnt get to be a Dem Vs Rep deal in congress. If it does the Dem will stuff it up our A** just like they did with healthcare. Bye Louisiana. The great oil crash of 2010.


If the iron was ever hotter (politically) in favor of punitive regulation, taxation, etc. on one of the largest parts of our state's economy, I've never heard of it.
Posted by Y.A. Tittle
Member since Sep 2003
110967 posts
Posted on 6/4/10 at 9:54 am to
quote:

How will all of the anti-oil legislation affect LA's economy?


Posted by Decatur
Member since Mar 2007
32762 posts
Posted on 6/4/10 at 9:56 am to
Considering no "anti-oil legislation" has been introduced in Congress at this time, I imagine it's pretty hard to answer your question at this point.
Posted by Nature Boy
Negatiger
Member since Jan 2008
19153 posts
Posted on 6/4/10 at 9:58 am to
quote:

Considering no "anti-oil legislation" has been introduced in Congress at this time, I imagine it's pretty hard to answer your question at this point.


So far it's executive orders, etc. It's only a matter of time before the politicians start introducing legislation, whether it is if in good faith or to score political points.
Posted by Decatur
Member since Mar 2007
32762 posts
Posted on 6/4/10 at 10:02 am to
I think we could go a long way towards making things safer by making sure we enforce existing regulations and by reducing or eliminating some of the exemptions we give to some of these companies. For example, don't give anyone exemptions from filing a blowout scenario plan.
Posted by Oyster
North Shore
Member since Feb 2009
10225 posts
Posted on 6/4/10 at 10:04 am to
The Tax sharks already smell money in the water. The Taxing frenzy is about to start. New reason to tax they big oil companies and let them pass it down the pipe line to Joe citizen.
Posted by KLSU
Baton Rouge
Member since Sep 2003
11148 posts
Posted on 6/4/10 at 10:11 am to
What the Oil spill did to the Louisiana fishing industry our government will do the same to the Oil industry = Death blow to Louisiana..
Posted by Bucky Goldstein
Metairie,La.
Member since Oct 2005
1985 posts
Posted on 6/4/10 at 10:46 am to
Wouldnt Texas get crushed by this as well?
Posted by tigerpurple84
Baton Rouge
Member since May 2010
971 posts
Posted on 6/4/10 at 10:50 am to
Free enterprise will succeed.

Smart business people will look for alternatives for energy.

There will just be a new type of industry that will evolve.

Sort of like wagon wheel makers and the people who made horse shoes might have gone out of business, but tire companies made $$$ when cars were on the road.

It'll be interesting to see if Louisiana decides to adapt to a changing economic reality or bitch-n-moan about how those old jobs are gone.
Posted by Taxing Authority
Houston
Member since Feb 2010
63500 posts
Posted on 6/4/10 at 10:59 am to
quote:

It'll be interesting to see if Louisiana decides to adapt to a changing economic reality or bitch-n-moan about how those old jobs are gone.
I think it will be intersting to see if people bitch-n-moan while their grocery prices tripple, and they have to wait in line to buy $12 per gallon gas, while we have easily available oil that we are outlawed from producing.
Posted by Kajungee
South ,Section 6 Row N
Member since Mar 2004
17033 posts
Posted on 6/4/10 at 11:18 am to
see the 1980's
Posted by Mudminnow
Houston, TX
Member since Aug 2004
34216 posts
Posted on 6/4/10 at 11:21 am to
maybe this will be the jumpstart for alternative energies again.

Cant allow BP and others to rape and pillage our wetlands with very little or no consequences.

I know many here dont give a crap about the wetlands but they are vital to Louisiana and the nation.
Posted by genuineLSUtiger
Nashville
Member since Sep 2005
77205 posts
Posted on 6/4/10 at 11:27 am to
quote:

bitch-n-moan about how those old jobs are gone.


If I know Louisiana, this is the most likely scenario.
Posted by Taxing Authority
Houston
Member since Feb 2010
63500 posts
Posted on 6/4/10 at 11:28 am to
quote:

maybe this will be the jumpstart for alternative energies again
Do you have any idea of the nasty chemistry that goes into "green" energy like batteries and solar cells? At least oil is organic and biodegrades...
Posted by bdevill
Baton Rouge, LA
Member since Mar 2008
12231 posts
Posted on 6/4/10 at 11:34 am to

What will the affect be on inland drilling, for example on the Haynesville Shale? Will we see an increase in inland drilling?
Posted by Nature Boy
Negatiger
Member since Jan 2008
19153 posts
Posted on 6/4/10 at 11:37 am to
quote:

maybe this will be the jumpstart for alternative energies again.


I'm all for that, but it will take time for these technologies to develop, and for the 'bitching and moaning' LA residents to adapt.

In the short term (10-15 years), it could be a very tough road for LA. Texas will be hurt as well, but LA will be taking the direct hit right away.
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