Colorado to Lose 500 MW of Coal Power in Coming Years

In an effort to improve air quality statewide, two coal-fired power plants will shut down in the coming years, according to an announcement made last week. The closing of both plants, located on the Western Slope, will reduce carbon dioxide emission by an estimated 4 million tons per year, while also eliminating thousands of tons of other pollutants. Of course, those numbers fail to take into account the human element at stake.

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A Cease in Federal Subsidies May Cause Severe Harm to the Oil & Gas Industry

Last month, a new study found that cutting $4 billion in federal subsidies to the oil and gas industry would have limited impact on production and consumption. Gilbert Metcalf, an economics professor from Tufts University, concluded in his report for the Council on Foreign Relations, “Cutting oil drilling subsidies might reduce domestic oil production by 5 percent in the year 2030. As a result, he [Metcalf] thinks, the worldwide price of oil would inch up by only 1 percent. He assumes the price of oil will hardly be affected because other countries would increase production as the flow of U.S. crude slowed. Demand would hardly budge, as the price of gasoline at the pump would rise by at most 2 cents a gallon.”

However, those conclusions are misleading.

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Oil & Gas Restrictions Fail to Make the November Ballot in Colorado

After a long, much talked about campaign, Initiatives 75 and 78 have been defeated. The two anti-fracking ballot initiatives were aiming for inclusion on the November Colorado, but were defeated when the Colorado Secretary of State declared that proponents of the initiatives failed to produce the requisite number of signatures that would have seen the measures move forward. Though they have been defeated on this front, anti-fracking protestors have pledged to continue their quest to restrict hydraulic fracking projects across the state.

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Encroaching Environmental Hazards May Pull the Plug on Louisiana’s Oil and Gas Industry

For several years, scientists and industry experts have been keenly aware of the problem brewing on along the Louisiana coastline running along the border of the Gulf of Mexico. Day after day, the shoreline is disappearing into the Gulf, exposing the infrastructure of the state’s oil and gas industry, and threatening longterm havoc if the problem goes untended.

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Trump Opens the Door for Local Fracking Legislation

Well, here’s something you don’t see every day. It seems that GOP presidential nominee Donald Trump is on shaky ground with energy industry insiders after some comments he made regarding hydraulic fracturing.

In an interview with Denver-based channel KUSA, Trump was quoted saying, “I’m in favor of fracking, but I think that voters should have a big say in it … I mean, there’s some areas, maybe, they don’t want to have fracking. And I think if the voters are voting for it, that’s up to them.”

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Bureau of Land Management Proposes Digital Permit System

The U.S. Bureau of Land Management (BLM) hopes to significantly decrease the average wait time on permit approval with a newly proposed online system. Announced at the end of July, the proposal aims to speed up the process for oil and gas drilling permits on federal and Indian land. Currently, incoming permit applications are down 40 percent from their historical average, a downturn that’s attributed to the hugely depleted price for oil and gas. In spite of these dips, however, the permit process is extremely long for companies hoping to explore new drilling projects.

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Why is Fracking So Controversial?

Earlier this month, researchers from Johns Hopkins University shared findings that indicated fracking caused symptom flare-ups in individuals with asthma. “Residents of communities undergoing (fracking) and those nearby can be exposed to noise, light, vibration, heavy truck traffic, air pollution, social disruption and anxiety,” Sara Rasmussen of Johns Hopkins University in Baltimore told Reuters Health.

This study is just another accusation levied against the fracking industry, causing more controversy over a viable method for extracting oil and gas. Last December, BBC News covered fracking and its associated controversies as the United Kingdom begins to explore the implementation of hydraulic fracturing on its soil.

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Turkish Crisis May Have Long Term Implications for the Flow of Oil Around the World

It’s been just a few, short weeks since Turkish President Recep Tayyip Erdogan put down a failed military coup in his home country. In a decisive show of strength, the man who has been called a ruthless dictator restored order to Turkey with 24 violent hours. The day after the Friday coup, Erdogan prosecuted traitors publicly. Though the country is on its way back towards some kind of normalcy, the impacts of the failed coup are reverberating around the world, and the United States’ oil and gas industry isn’t immune.

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