Oil, Gas And Energy
The
Oil and Gas industry is vital to HD 65 as well as our entire state. In addition
to providing an economical source of energy and high paying jobs, it also
provides the state, counties and cities with valuable tax revenues and local
landowners with another revenue source that makes everything more profitable. However,
every time we turn around, the energy sector is getting hit with more
burdensome regulations that make it extremely difficult to do business. In the
last several years there have been several bills introduced, like increasing
setbacks, etc., which if passed would take more land out of potential
production. The companies that are doing business in the state are being very
good neighbors, but the State and CDPHE (Colorado Department of Public Health and
Environment) are making Colorado a state that is unfriendly to business. In
fact, representatives from several of the local oil companies have told me that
because of the over-regulation in this state, if they could they would sell
their local holdings and take their business elsewhere. It’s important to make
it financially feasible to develop and produce the natural resources that this state
offers at the same time as we develop our renewable energy resources and make
them competitive with traditional resources!