This goal will include a portfolio mix of wind solar

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Unformatted text preview: ources. 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.

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