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Year employment percentage change 2003 2004 2005 2006

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Unformatted text preview: 4 13.1 -15.1 0.8 13.9 28.9 4.0 a Estimated. b Forecast. Sources: Colorado Department of Labor and Employment and Colorado Business Economic Outlook Committee. Pricing for natural gas using the Henry Hub benchmark averaged $4.58 per million Btu in 2010, and as of September 2011, averaged to $4.22 per million Btu for 2011. Gas prices appear to be steady, with limited probability for any significant near-term increases. Colorado-specific pricing continues to be less than the Henry Hub futures price due to export market limitations. In 2010, for example, the Colorado weighted price average was $4.18 per million Btu—a $0.40 discount to the average Henry Hub price. In 2011, the differential was even less, averaging $0.16 through September. While it has been suggested that new shale-play drilling technologies and a push to include natural gas as a “clean” alternative to coal may impact Colorado’s overall energy generation portfolio, the EIA’s latest recorded data (2010) show instead a 5% decrease in natural gas usage for electricity generation compared to 2009. The competiveness of emerging renewable resources (i.e., wind, solar, etc.) could also be affected by lower natural gas prices. Various economic and poli...
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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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