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John Andrews’ strange, clueless ‘Coloradan of the Year’ column
To what extent do you think that corporate tax breaks fuel the excessive drilling boom and to what extent would repealing those breaks affect the oil and gas firms from exploring and drilling in fragile habitats rather than those areas better known for their reserves?
Most likely, it is the severance taxes on the oil, gas, coal, etc by the individual states that probably impact where and when a company decides to drill or mine. Colorado tax rates on energy production are some of the lowest in the nation and combine that with some of the richest reserves, the oil and gas boom is not likely to diminish in this state until the supply runs out or until a more cost efficient form of energy is produced.
Unfortunately, a lot of the best gas reserves are found in environmentally sensitive areas because no one has been able to drill there before until they were available under Cheney's energy policy.