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Colorado governor, oil companies hope to thwart drilling ballot measures

  • Colorado Gov. Hickenlooper and business leaders say they will do “whatever it takes” to defeat initiatives proposed for fall elections that would restrict oil and gas drilling generating $30B/year for the state economy.
  • Hickenlooper is trying to head off a ballot measure that would prohibit drilling within 2,000 feet of structures, a step energy companies say would effectively ban fracking in the state; another proposal would provide communities with more control over where drilling takes place.
  • Anadarko Petroleum (NYSE:APC), Whiting Petroleum (NYSE:WLL) and Encana (NYSE:ECA), which are drilling in the Denver-Julesburg Basin, one of the nation’s richest oil and gas fields, said this week they will spend $50M to fight the measures.
Comments (14)
  • NYCTEXASBANKER
    , contributor
    Comments (2753) | Send Message
     
    The main problem for oil in gas is that logic could go up in a puff of smoke

     

    tongue in cheek
    18 Jul 2014, 06:27 PM Reply Like
  • marpy
    , contributor
    Comments (1051) | Send Message
     
    30 billion a year - that has to be a big piece of the states economy. Lots of jobs including many that have little to do with oil and gas would disappear and a lot of tax revenue would be lost. I can see why the governor is concerned. The average citizen that has to work for a living should be as well.
    18 Jul 2014, 07:29 PM Reply Like
  • aretailguy
    , contributor
    Comments (1320) | Send Message
     
    Sounds like Colorado has allowed too many Californians to immigrate to the great smokey state of the Rocky Mountain High.
    18 Jul 2014, 10:30 PM Reply Like
  • aeroguy48
    , contributor
    Comments (755) | Send Message
     
    I admire Hickenloopers steadfast convictions and steady policies/sarc. I am not suggesting he's a democrat Governor who is afraid of losing is 'job' this next election just because he rushed and signed his pet gun grabbing law that caused 2 recalls of Liberal state senators and the cowardly resignation of another to keep the democratic majority. Oh no no, its all about jobs. As a Democrat is he not ashamed about taking millions from oil companies? Note; Magpul and other gun companies hightailed it out of Colorado taking their jobs with them. Did this shameless democrat have a 'come to Jesus' moment?
    19 Jul 2014, 01:53 AM Reply Like
  • DevilDog85
    , contributor
    Comments (266) | Send Message
     
    aero,

     

    Nice post. You hit the nail on the head, again!
    20 Jul 2014, 12:18 PM Reply Like
  • blake303
    , contributor
    Comments (89) | Send Message
     
    aeroguy - The gun legislation was hardly a grab and CO won't miss Magpul. Hickenlooper was a petroleum geologist that worked for an oil company, not a green peace activist trying to ban fossil fuels. How have his convictions on fracking changed?
    31 Jul 2014, 12:56 PM Reply Like
  • davidbdc
    , contributor
    Comments (3183) | Send Message
     
    What Colorado should do is limit the number of Californians and New Yorkers that they allow to move to the state!!! Let those folks stay in their own ruined states and live in liberal la la land.
    19 Jul 2014, 11:32 AM Reply Like
  • Joe Lunchbox
    , contributor
    Comments (533) | Send Message
     
    Colorado residents, not special and/or outside interests, should determine what is best for Colorado.

     

    Come to think of it, that would work best for the US, wouldn't it?
    19 Jul 2014, 10:21 PM Reply Like
  • NYCTEXASBANKER
    , contributor
    Comments (2753) | Send Message
     
    joe

     

    In theory you right however take to extreme NIMBY(not in my back yard) could hurt the economy. Take my home state of NY, what would happen if the energy firms refuse to send oil and gas to NY because they refuse to allow the companies access to energy in the state or if the surrounding states said no export of energy to NY that they should use their own supply for their people.
    20 Jul 2014, 10:55 AM Reply Like
  • aretailguy
    , contributor
    Comments (1320) | Send Message
     
    NYCTEXASBANKER - Sounds like a good plan. Force the libs to live with their own insane ideas. Libs want to control what YOU can do, they do NOT want you to control what THEY can do.
    31 Jul 2014, 01:00 AM Reply Like
  • NYCTEXASBANKER
    , contributor
    Comments (2753) | Send Message
     
    ARETAILGUY

     

    OH!! in NYC.

     

    I saw it in real time while in high school. They went from helping everyone like libraries, specialized schools, museums and transit. They then went to defined social like subsidized housing which turned into ghettos of crime.
    In Chicago Cabrini green was the poster child of urban decay
    31 Jul 2014, 08:39 AM Reply Like
  • Joe Lunchbox
    , contributor
    Comments (533) | Send Message
     
    Colorado residents, not special and/or outside residents, should determine what's best for Colorado.

     

    Come to think of it, that would be best for the US, too.
    19 Jul 2014, 10:26 PM Reply Like
  • David Beard
    , contributor
    Comments (34) | Send Message
     
    My personal favorite is any community voting against fracking should not be able to use the product of such activity. Of course I am not sure how wind farms are going to rotate without petroleum lubricants nor wires or carry electricity without plastic to insulate them. Or at least they should not recieve any tax dollars collected from fracking activity, including severance and royalty tax, SS, FICA, or corporate income tax
    30 Jul 2014, 11:02 PM Reply Like
  • blake303
    , contributor
    Comments (89) | Send Message
     
    Fracking is not the only source of oil
    31 Jul 2014, 12:46 PM Reply Like
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