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47 this is a 076 28 increase over the average 2010

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Unformatted text preview: see much relief from these higher gas prices in 2012 unless the economic recovery should stall significantly. The EIA currently forecasts that the national average will decrease to $3.43 per gallon in 2012, not only affected by changes in the cost of crude oil, but also the average U.S. refinery gasoline margin. In Colorado, assuming $100 per continued on page 22 vALUE OF COLORADO NATURAL RESOURCES AND MINING VALUE OF COLORADO nATURAL RESOURCES AnD MInInG 2003–2012 2003–2012 (In Millions of Dollars) (In Millions of Dollars) Oil and Gas Extraction Year 2003 2004 2005 2006 2007 2008 2009 2010 2011a 2012b Crude Oil Natural Gas $605 862 1,235 1,428 1,619 2,561 1,540 1,796 2,794 2,964 $4,567 5,930 8,381 7,469 6,426 10,905 5,420 6,794 7,012 7,188 Carbon Dioxide $104 151 200 258 257 430 324 330 575 586 Subtotal $5,276 6,943 9,816 9,155 8,302 13,896 7,284 8,920 10,381 10,739 Mining Percent Change 87.8% 31.6 41.4 -6.7 -9.3 67.4 -47.6 22.5 16.4 3.4 Coal $703 796 813 974 1,075 887 1,166 1,069 1,201 1,213 Minerals...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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