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Dems introduce Bill to ban hedge funds from owning single family houses

Discussion in 'Too Hot for Swamp Gas' started by channingcrowderhungry, Dec 7, 2023.

  1. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    Utah > Colorado (for skiing)
     
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  2. VAg8r1

    VAg8r1 GC Hall of Fame

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  3. G8trGr8t

    G8trGr8t Premium Member

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    when did we stop producing oil? domestic oil production is setting records all the time lately yet trumph still chants drill baby drill like they aren't drilling as fast as they can and the magats cheer like they believe him
     
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  4. ThePlayer

    ThePlayer VIP Member

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    See post 91 and catch-up.
    "It was no secret on the campaign trail that Joe Biden wanted to end America’s use of conventional energy such as coal, oil, and natural gas. Biden’s first executive orders in office deployed a sweeping regulatory agenda throughout the executive branch to that end. This radical agenda has been the consistent message and persistent policy choice of the administration.

    To date, Biden is the only president in modern history not to have held a single oil and gas lease sale on federal lands despite clear direction from Congress to do so quarterly.

    While the Department of Interior is being forced by court order to hold a lease sale this quarter, it increased fees by 50% and decreased the amount of available acreage for drilling by 80%—even as it cuts fees and red tape for renewable “green” energy production.

    Timelines to approve permits to drill on already leased land ballooned from the Trump administration’s best average of 108 days in 2019 to 182 days under the Biden administration, and scores of permits are now being held up by litigation initiated by extreme environmental groups allied with the White House.

    Offshore, the Biden administration has not completed a single lease sale. In contrast, Trump held eight in his single term and former President Barack Obama held 29 lease sales in his two terms.

    While energy production on federal lands and waters gives a clearer picture of the administration’s desired policy approach (where it more directly controls resource management policy), the majority of energy production in the U.S. happens on state and private lands."

    https://www.heritage.org/energy-eco...sil-fuel-energy-policy-costs-americans-dearly
     
    Last edited: Dec 12, 2023
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  5. G8trGr8t

    G8trGr8t Premium Member

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    see post 102 and educate yourself. a mind is a terrible thing to waste. fyi we import because some coastal refineries can get better prices or need different oil to refine. OT- Guyana is now the fastest growing oil production area. Lot of offshore oil there just being tapped now.
     
  6. ThePlayer

    ThePlayer VIP Member

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    Read the above and educate yourself.
    A mindless poster is a terrible thing.
     
  7. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    You sound presidential... Where have I heard that phrase before? Lol... :D;)
     
  8. chemgator

    chemgator GC Hall of Fame

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    In my opinion, the more the average person needs something, the easier it is for corporations to get a "monopoly" on it. Not a monopoly in the sense that corporations would own all the houses, but one in the sense that they would own enough housing that they could dictate prices, rents, etc. To drive prices up, they need to have a lot of empty housing.

    I also think it is bad to waste resources (lumber, concrete, metal for wiring, petroleum for asphalt shingles, energy, etc.) on houses that will sit unoccupied for years in a corporate bid to drive prices up. Especially when houses in the U.S. are designed to last 50-60 years (compared to 300-400 in a place like Germany). Remember, a big component of China's economic collapse is the construction of twice as many housing units as China has people (which is a ridiculous feat, considering how many people China has). It is also terrible for the environment to waste these resources, and it increases global warming.

    In the same vein, I don't think it is very efficient for VRBO's to displace hotels. Hotels can house many more people with much fewer resources than the equivalent number of houses. A hotel with 200 rooms has a smaller footprint than 200 houses, has only one kitchen, etc.
     
  9. chemgator

    chemgator GC Hall of Fame

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    Wouldn't it be smarter to wait for the price of oil to go up before persuading oil drillers to bring more capacity on-line? Do you have trouble affording $2.70/gallon gasoline? Because most people don't. It is somewhat wasteful to drill oil just because it's there. At some point in the future, we will need to drill oil and it will NOT be there. That will be a bad day.
     
  10. channingcrowderhungry

    channingcrowderhungry Premium Member

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    Bottom of a pint glass

    I'm taking my first Vermont ski trip next month since I was a wee kid. I know it's way different but I look forward to it.
     
  11. G8trGr8t

    G8trGr8t Premium Member

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    Comment 1 - less oil production
    moves goal posts - says others should know what you mean
    Comment 2 - less exports
    moves goal posts
    Comment 3 - less leases on federal land
    keep moving the goal

    fyi, oil production is up on federal and offshore land, nat gas production is down because nobody want to drill for gas offshore anymore as it is much cheaper to do it on land.

    total of 37 million acres of leased land and only around 15 million are actually being drilled on or in production. That leaves 18M acres leased and ready to drill on but it is cheaper to drill elsewhere.


    How much oil and gas comes from federal territory? (usafacts.org)

    As of 2021, of the 25 million onshore acres leased to the oil and gas industry, approximately 12.6 million, or 49%, are currently unused and nonproducing. This doesn’t include leases on Native American territories. Offshore, 77% of the 12 million acres leased are nonproducing.
     
  12. Sohogator

    Sohogator GC Hall of Fame

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    Meh I learned how to ski on Killingtoni(in my mid 30’s) Hitting ice on a double black for the first time nearly killed me. The lodge and hotels were awful. Then I went to Tahoe then aspen and I learned what skiing was really supposed to be.
     
  13. tampagtr

    tampagtr VIP Member

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    Speaking of inequality, interesting thread pointing out methodological flaws in a recent paper that tried to minimize US inequality

     
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