No job growth from fracking (Lawrenceville: construction, living in, prices)

[Moby Hick]

Originally Posted by SteelCityRising

Oh, and for the record I voted for Biden BUT actually disagree with the cancellation of the Keystone XL Pipeline construction. Like it or not we will still be dependent upon fossil fuel extraction for at least another generation. Eventually you can shift oil and gas industry workers to being solar, wind, geothermal, hydroelectric, etc. workers, but flipping off the switch on the oil and gas industry out of nowhere is just going to lead to job losses and soaring energy prices.

How is that flipping the switch on fossil fuels? It's one pipe line and if it was somehow that vital to the economy, you'd think there would be enough money in it to pay the farmers enough that they didn't have to use eminent domain to seize the land on which the pipe goes. The Ogallala Aquifer, which will be polluted when the pipeline leaks, is worth much more than all the oil in Canada and North Dakota. Fossil fuels are only good for local economies because they bury the actual costs by dumping them on the future.

[erieguy]

Originally Posted by Moby Hick

How is that flipping the switch on fossil fuels? It's one pipe line and if it was somehow that vital to the economy, you'd think there would be enough money in it to pay the farmers enough that they didn't have to use eminent domain to seize the land on which the pipe goes. The Ogallala Aquifer, which will be polluted when the pipeline leaks, is worth much more than all the oil in Canada and North Dakota. Fossil fuels are only good for local economies because they bury the actual costs by dumping them on the future.

Tell that to the many folks that lost their jobs from it, and many more to come.

[erieguy]

Originally Posted by rckms

Exactly and CA in particular housing costs are much higher than most of the country. Even in smaller metros, which is why many move out. Similarly this is happening with costly NE corridor cities.

Businesses and people leaving CA in droves. Combined with people leaving NY, it should help with housing costs a bit.

[erieguy]

Originally Posted by rckms

Demand for real estate means high costs. Many people want to get more for their money. That said, clearly, the real estate (commercial and residential) in CA remain in high demand given the commercial rates, home values, and rent cost.

When people leave areas like NY and CA, which their doing in droves as we speak, it means less demand for housing.

[erieguy]

Originally Posted by rckms

Oh look, the resident responded.


When real estate prices come down to just the stratosphere of what, say, most of the country (outside of the big metros) then it means something.

And less demand always equals less cost, and people are leaving those 2 places which will drive up prices elsewhere. Many California businesses and people are obviously loving Texas.

[erieguy]

Originally Posted by rckms

Come back when it actually does.


In the mean time, you can simply not respond.

I’d wager it’s happening as we speak in those areas, but please do show me if I’m wrong.

[erieguy]

Originally Posted by rckms

I noted that CA is much higher than most of the country. Respond when it's comparable.


Until then, move on and let others engage in the conversation.

https://www.google.com/amp/s/www.bbc...iness-55535324

https://www.google.com/amp/s/www.nyt...arket.amp.html

https://www.google.com/amp/s/kmph.co...t-record-rates

The more people that leave will lessen demand, and I’d wager investors will be buying a lot of properties at discounted prices.

[Independentthinking83]

It’s looking like the Midwest cities have had the most resilient job market over the last year. Employment has bounced back.

https://www.wsj.com/articles/midwest...rn-11613817001

[erieguy]

If folks that complained about fracking and gasoline/diesel vehicles would switch to all electric, there wouldn’t be so much demand for fossil fuels. Can’t understand what they’re waiting for.

On the bright side, fracking checks have doubled since Socialist Joe has taken over.

[szug-bot]

Originally Posted by erieguy

If folks that complained about fracking and gasoline/diesel vehicles would switch to all electric, there wouldn’t be so much demand for fossil fuels. Can’t understand what they’re waiting for.

On the bright side, fracking checks have doubled since Socialist Joe has taken over.

"checks"? you mean paychecks? you are saying that since Biden has been in office, the fracking business has boomed, rather than subsided as was biden's promise to do away with it, correct?