It seems our friends to the north west in Colorado are experiencing a massive slowdown in the number of new oil & gas permits since the new O & G rules went into effect in April of 2009. According to Ms Dunn's reporting, new oil & gas permits are down -36% statewide.
Sharon Dunn writing for The Tribune outlines the effects of the regulations in her January 24, 2010 piece "With soured market and tighter regulations, those in the oil and gas industry are scared". Her article lays out step by step the effects on the oil and gas industry by not only market price, put the new regulations put in place on April 2009. Operators said the new rules would make the permitting process an increasingly complicated system and would cause them to cut back drilling and fire employees, which in turn reduce tax revenues locally, county wide, and to the state.
You can bet the radical activist groups like OGAP, Earthworks, and EDF, were behind the rule changes. While the groups pretend to be for drilling "done right", that is just a cover for them to work behind the scenes toward their end goal of an all out ban on domestic energy production.
Ms Dunn's article is worth reading, and offers a glimpse into what might happen in Texas if these onerous regulations were put upon Texas operators.
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