Tuesday, August 20, 2013

Economic impact of gas and oil in Colorado estimated at $29.6 billion

Link to story here. An excerpt: 
The report said the oil and gas industry accounted for $3.8 billion in employee incomes to Colorado households last year, which amounted to 2.8 percent of total salary and wages in the state.

I will likely be reviewing this report with a student worker soon to assess its accuracy, assumptions used, credibility, etc.  $29.6 sounds really high, as the economic impact of fracking in PA has been estimated to be between $3 (low end) to $15 (high end), depending on the author.  That being said, this doesn't seem to be focused solely on fracking.

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