Colorado: Economic Impact
As you know, we like to keep you posted on the economic impact studies done about the E&P industry (see here, for example, regarding an Ohio study). The Durango Herald has a nice discussion on the potential impacts of increased oil estimates in Colorado: "A dramatic increase in estimated oil in Colorado's northern Front Range is likely to produce at least $50 million a year in new severance taxes for budget-strapped state and local governments. *** While direct employment from new drilling won't be staggering, spinoff job creation will produce millions more in economic impact."
While "staggering" would be nice, it's not necessary ... really ...
