The federal government says Colorado has 40 times more natural gas than originally estimated, which means we are now the second largest state in the nation when it comes to supply!
The Colorado’s Piceance Basin, located in western Colorado, is capable of producing nearly 66.3 trillion cubic feet of gas, marking a massive uptick from the 1.6 trillion cubic feet estimated in 2003, research shows.
U.S. Energy Department data show one trillion cubic feet of natural gas is enough to heat 15 million homes for a year, which means, of course, that 40 times that number will probably warm close to hundreds of millions of homes.
We’re positively foaming at the mouth anticipating all of the jobs this will create, the boom to our economy, the lowering of our heat prices!
This is not the news that anti-frackers needed to get their bogus referendum passed by voters in November.
It’s bad enough that their savior Bernie Sanders, who pledged to kill the natural gas industry, is out of the race. Now they’ve been betrayed by their own, the Obama administration’s Energy Department.
Now all we need is for another arm of the Obama administration, the Federal Energy Regulatory Commission, to allow the construction of a natural gas export terminal on the coast of Oregon so that Colorado can sell some that gas.
Oh, and fracking. We kind of need that to continue as well.