Colorado Petroleum Council applauds House rejection of limiting bill proposal

The Colorado Petroleum Council applauded the House on Monday for rejecting a bill that could have limited the scientific input and oversight of the Colorado Oil and Gas Conservation Commission and undermined the states successful energy management processes.
 
“We applaud the bipartisan House leadership for rejecting a bill that could have damaged the state’s economy and cost consumers who rely on affordable energy,” Colorado Petroleum Council Executive Director Tracee Bentley said. “Colorado’s energy policies provide a model of how the U.S. can grow its economy and create jobs. Bypassing science and the statewide oversight of the Colorado Oil and Gas Conservation Commission with a patchwork of conflicting regulations is the wrong path.” 

Colorado has exhibited one of the most successful energy management strategies in the U.S. Over the past decades, the state has fought to reduce gasoline, natural gas and electricity prices for consumers by making resources more readily available locally. This also helped to support the statewide economy through the creation of jobs and income from associated taxes.

The rejection of the bill will allow the Colorado Petroleum Council to continue fighting for local, cost-effective energy resources and a healthy economy throughout the state. Colorado energy management practices have also had a positive impact on the country. The IHS estimated the adoption of unconventional energy through hydraulic fracturing allowed American households to save $1,200 in 2012, with savings potentially reaching $3,500 per household by 2025.