A bill that is now in front of the Colorado house would penalize local areas for blocking or delaying oil and gas drilling.
Currently communities receive severance-tax revenues if they're affected by energy development.
The bill would penalize them by blocking them from receiving the extra revenue, if they do anything instill restrictions on oil and gas companies.
If passed, it would make Colorado all the more desirable for oil and gas producers.
Oil and gas finds within the state, have added it to the list of states which may each have more oil resources than Saudi Arabia. And then there's the natural gas to be looked at as well.
Wyoming, Alaska, and Utah are the others on that list. The Dakotas, Nebraska, Montana, and Idaho are each possibilities as well.
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