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President Joe Biden’s ban on imported Russian oil sent shockwaves through the Colorado oil and gas community, energizing calls for more permits to be issued and domestic production to be
President Joe Biden’s ban on imported Russian oil sent shockwaves through the Colorado oil and gas community, energizing calls for more permits to be issued and domestic production to be
Political leaders, mostly Republican, are calling for increased production of oil and gas in Colorado to reduce reliance on Russia and Saudi Arabia. But environmental advocates see this as further reason to invest in renewable energy.
Oil and gas is produced in Colorado, but gas prices are based on the price of a barrel of oil. Russia's involvement in war will create a ripple effect.
Colorado will receive $79 million in federal money to clean up abandoned gas and oil wells around the state, officials announced Monday.