Denver Business Journal reports on potential job loss associated with Colorado oil & gas setbacks.
Colorado could lose 1,000s of jobs, billions with 2,000-foot oil & gas setback, CU-Leeds study warns
Denver Business Journal; January 8, 2015 By Cathy Proctor
A proposal floated in 2014 to push new wells 2,000 feet away from homes and buildings could lead to a 50 percent drop in oil and gas activity across the state, which would drop Colorado’s gross domestic product by as much as $6.4 billion a year and personal income to drop by up to $4.4 billion a year.
That’s according to a study released Thursday from researchers at the University of Colorado Leeds School of Business.
U.S. Rep. Jared Polis, D-Boulder, proposed the 2,000-foot setback last year in a ballot initiative he backed and later dropped…