Gas drilling in the West: THE END IS NEAR!
Today’s number one headline, spread across the Grand Junction Sentinel’s front page, is quite dramatic. It reads, “Energy Industry: Maybe we’ll leave.” The article came out of a meeting between Colorado Oil and Gas Association President Meg Collins and the Sentinel’s editorial board in which Collins told the Sentinel that new rules could force the industry right out of the state. Hmmm… let’s see here. The industry is drilling at record pace, making record profits, and has stated just recently that it plans to keep going full bore next year. And now they’re saying a few new regulations might force them to pull up stakes and head out?
Give me a break. Enough said.