Posted March 26, 2014
Study Projects Major Job Losses From Banning Fracking in Colorado
Denver Business Journal: Fracking draws the ire of environmental activists, many of whom envision a world without the controversial process.
But economists from the University of Colorado (CU) predict job losses of 93,000, and $12 billion in lost gross domestic product (GDP), if proposed bans on hydraulic fracturing in Colorado become law, according to a study released Wednesday.
In just the first five years of a ban on fracking, the loss in GDP would be $8 billion and 68,000 fewer jobs, according to the study.
The implications for local and state governments are huge, too. The study put the losses in tax revenue for local and state governments at $985 million during the period from 2015 and 2040.
Read more: http://bit.ly/1p6Z7kJ
Other Industry News:
- U.S. Lawmakers Mull Speedier Gas Exports to Help Ukraine, Europe: http://reut.rs/1hrwCZ4
- Editorial: Strengthen U.S. Energy Policy: http://bit.ly/1fjV3XS
- Southern Leg of KXL Reaches Capacity Faster Than Expected: http://bit.ly/1hYsdOO
- Tight Oil Production Pushes U.S. Crude Supply to More Than 10 Percent of World Total: http://1.usa.gov/NTgJTl
- Energy Infrastructure for the 21st Century: http://bit.ly/1jIcnsK
- A Dash of Saltwater Could Make Fracturing More Palatable: http://bit.ly/1fiREsl
- Video: Talking U.S. Energy, Exports, Jobs and the Keystone XL Pipeline:
ABOUT THE AUTHOR
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Mark also was a reporter, copy editor and sports editor. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela live in Occoquan, Va., where they enjoy their four grandchildren.