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Drilling for jobs: Oil and gas industry will yield employment

Colorado Springs politicians and business leaders are hoping to capitalize on the increasing global thirst for oil and gas, opening the way to many new local jobs. Continue Reading Drilling for jobs: Oil and gas industry will yield employment

There’s never been a producing oil or gas well in El Paso County, but that hasn’t stopped drilling plans for Houston-based Ultra Resources, which bought more than 18,000 acres of the failed Banning Lewis Ranch property. The region’s foray into oil and gas drilling will also be the city and county’s foray into how to… Continue Reading Fracking forces El Paso County to consider regulation stragegy

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Area prices were down for the month, but up nearly 3.1 percent over a year ago, according to the Bureau of Labor Statistics. The June decrease was influenced by lower gas prices, but the consumer price index for the Western region advanced over the same time last year, said regional commission Stanley W. Suchman. Energy… Continue Reading Consumer index shows year-over-year increase

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With the price of gas above $3.50 a gallon in all but one state, there are signs that Americans are cutting back on driving, reversing a steady increase in demand for fuel as the economy improves. Gas sales have fallen for five straight weeks, the first time that has happened since November, according to MasterCard… Continue Reading Drivers start to cut back on gas as prices rise

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The average price for a gallon of regular gasoline in Colorado now stands at $3.45, up from $3.39 a week ago, AAA reports. Prices vary around Colorado and are highest in Vail, at $3.82 a gallon, and in Glenwood Springs, at $3.74. In Colorado Springs they stand at $3.41 this week compared to $3.38 last… Continue Reading Springs gas prices creep up to $3.41 a gallon

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Gas pipeline oversight draws criticism

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The state Public Utilities Commission, responsible for regulating the type of gas pipeline that exploded in California last month, has received 126 reports of probable pipeline safety violations in the past decade. Continue Reading Gas pipeline oversight draws criticism

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Colo. having busy drilling permit year

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Colorado is poised to have its second busiest year for issuing oil and gas drilling permits despite stricter regulations that took effect last year, a state regulator said. Colorado Oil and Gas Conservation Commission Director David Neslin said the state has issued more than 3,100 permits through the first six months of the year and… Continue Reading Colo. having busy drilling permit year

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Legislation passed this week requiring investor-owned electric utilities to switch from coal to natural gas had the support of environmentalists, gas producers and the company most affected by its mandates, Xcel Energy. But not Colorado Springs Utilities. Backers of HB 1365 said that aging coal-fired plants, such as those operated by CSU, are inefficient, dangerous… Continue Reading CSU takes contrarian view on gas

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