Oil and gas rigs have been popping up all across Colorado in recent years, as have jobs working the rigs.
Colorado’s total oil production is valued at more than $9.9 billion for 2018—an estimated 62 percent higher than 2017, according to the University of Colorado Boulder’s most recent study of the state’s economy. The value of the state’s natural gas production in 2018 was estimated at $5.3 billion.
Employment in the Colorado oil and gas industry has grown by more than 23 percent since 2016, now accounting for around 25,700 jobs. This year it is expected to grow another 4.8 percent.
But now, the Green New Deal, proposed Thursday by Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA), is threatening the state’s energy boom. The plan calls for the U.S. to completely abandon the use of fossil fuels over the next ten years.
That would not just derail Colorado’s natural resource and mining sector but also the many businesses and jobs that have grown up to serve the energy boom. more here