Shutting down either end of the energy spectrum is likely to stress the other and play havoc with the energy market. Undermining Colorado’s oil and gas industry in particular would cripple a cornerstone of our entire state economy.
More than $108 million was disbursed to Colorado during the 2019 fiscal year, the latest revenues from energy production on federal land in the state.
“[Oil and natural gas] leases resulted in approximately $1.23 billion earned for trust beneficiaries — Colorado schoolchildren — in the past 15 years.”
“Colorado’s oil and gas industry supported 232,900 jobs in the state and contributed $31.38 billion to the state’s economy in 2015 — the year industry activity nose-dived due to low commodity prices… The jobs accounted for nearly 7 percent of the total state employment in 2015.”
Energy employment in Colorado grew by 11 percent in 2017 to a total of nearly 91,000 jobs — lead by the natural gas and energy-efficiency sectors, according to a report by the National Association of State Energy Officials.
A new report from API, the American Petroleum Institute, outlines what oil and gas has done for Colorado, from the economy to schools. “We’re the fifth largest producer of gas and the seventh largest producer of oil in the country,” said Tracee Bentley, the executive director of the Colorado Petroleum Council. According to the Colorado … Continued
Thanks to record energy production and safer, state-of-the-art technologies, which has significantly reduced the price of natural gas, Colorado households and businesses saved nearly $12.4 billion between 2006 and 2016, CEA said in a report.
U.S. natural gas consumption increased 28.6% from 2008 to 2018.
The U.S. Energy Information Administration (EIA) projects that, for the first time since the 1950s, the United States will export more energy than it imports by 2020 as increases in crude oil, natural gas, and natural gas plant liquids production outpace growth in U.S. energy consumption.
“Fracking is good for the country’s energy supply, our national security, our economy, and our environment,” Hickenlooper wrote in his memoir, published in 2016.
