Colorado Has Capacity to Produce More Oil and Gas in Response to Russian war, but Some Argue for Pivot
Russia’s invasion of Ukraine set off the latest shock to international energy markets. It is renewing a call among politicians at the state and national levels. Mostly Republicans so far, they are requesting to reduce the heavy U.S. reliance on imports. It is by ramping up oil and gas production in places like Colorado.
Republican gubernatorial candidate Heidi Ganahl argues it’s the quickest way to make a dent in U.S. imports from Russia. It is the world’s second-highest oil producer behind the United States. U.S. Rep. Ken Buck of Windsor suggests increased Colorado natural gas production could help European utilities offset their heavy reliance on Russian gas.
And at President Joe Biden’s State of the Union address to Congress this week, U.S. Rep. Lauren Boebert wore a black shawl with a simple message on the back: “Drill Baby Drill.”
More domestic production is one route toward energy independence over Russia, Saudi Arabia, and others that have come under international scrutiny for their policies, military actions, and human-rights records. Moreover, there’s no question about Colorado’s industry. It currently ranks fifth in the nation for crude oil production and seventh for natural gas. They have the capability to produce more in the state’s expansive reserves, at least in theory.
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Source: Denver Post
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