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Fracking Wins Again in Colorado

The small town of Erie, Colorado narrowly voted down an “emergency” one-year fracking moratorium in a 5-4 vote in January. Erie trustees say instead of imposing a moratorium, they will work with the oil and gas industry to address community concerns about noise, truck traffic, and setbacks from housing while allowing oil and gas development to continue. This is the latest defeat for environmental lobbyists who have attempted to end fracking in Colorado through a series of municipal and county...

Low Oil Prices Boost Economy

A worldwide oil glut has caused the price of crude oil to fall below $50 a barrel since topping $100 a barrel in June. The price of gas at the pump has since averaged around $2.07 per gallon nationally for the past several months, far below the April 29, 2014 closing average retail price of $3.70 per gallon. That significant reduction of pain at the pump has translated into more money in people’s pockets and increased sales for certain businesses, such as convenience stores, airlines,...

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