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Revenues generated by Natural Resources and
Mining development activity make this sector one
of the most significant contributors to Colorado’s
GDP. Crude oil value is expected to increase in
2012, similar to the previous year, due to continued Niobrara play development and higher prices.
The value of natural gas is anticipated to be flat
due to lower prices, and coal may see a modest
value increase due to higher prices (despite less
production). Uncertainty associated with employment, debt, and deficit issues; European finances;
and energy policy at the state or federal level makes
forecasting revenue difficult. Oil and Gas
While not as robust as many hoped, steady growth
was recorded in 2011 in Colorado oil and gas
activity. Low gas prices have been offset to a large
degree by higher oil prices, which helped to foster
20 the continued development of Colorado shale oil
plays, such as the Niobrara. Uncertainty in the
national and global economic recoveries, however,
will mean continued vo...
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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.
- Spring '13
- The Lottery