Colorado Dodges Loss of $10-billion-a-year Oil and Gas Output

A proposal to significantly limit oil and gas drilling in Colorado failed to meet the required amount of signatures, freeing Colorado from what would have been a detrimental blow to the state’s oil and gas production

The proposal, called Initiative No. 78, called for the halt of drilling near Colorado homes but still needed 21,000 more signatures to qualify for a ballot vote.

According to a Bloomberg Intelligence analysis, Colorado is currently the sixth-largest gas producer state in the U.S. The proposal, if passed, had the potential to wipe out 90% of the state’s barred drilling.

Groups that helped gather signatures are calling the result an uphill battle and said they will continue to fight to protect fellow Coloradans’ health and the “natural beauty of [their] state."

Source:
Fuel Fix