Colorado's energy future: strong yet vulnerable
Colorado is vulnerable due to its current low prices is in its efforts to implement renewable energy solutions. While other states, including California and Massachusetts, take on large scale efforts for wind, solar and other renewable and clean energy production opportunities, the low cost of energy in Colorado makes these energy investments by utilities, private companies, and Colorado residents, not economically viable when compared to the current low cost of traditional fossil fuel based energy in Colorado.
This means that, in spite of our Governor's strong emphasis on making Colorado the renewable energy state, current low prices for traditional energy hinder Coloradans, our venture capital sector, and our companies from jumping on this clean energy bandwagon with significant investment.
March 28, 2008
by Ravi Malhotra and Herb Rubenstein
in Denver Post
The common wisdom regarding the future of energy in Colorado runs something like this:
- We have ample supplies of natural gas, oil, wind, sun, and other energy sources.
- We are a net exporter of energy and will become an even stronger exporter of energy in the next decade.
- Our state government has put renewable and sustainable energy development as one of its highest priorities.
- The prices we pay for energy are below the national average.
- Colorado is in a very strong energy position.
Mostly true, but common wisdom overlooks several energy problems that are both unique to Colorado and... [continue via Web link]