Gov. Bill Ritter was the closing speaker at the annual Colorado Oil & Gas Association’s annual three-day conference. In an article written by Cathy Proctor in the Denver Business Journal, Ritter said,
“Natural gas is a vital part of the New Energy Economy. It is a permanent part of the New Energy Economy. It’s not a bridge fuel, not a transition fuel, but a mission-critical fuel.”
Recent studies have shown that the amount of natural gas which is available for recovery in the continental United States contains more energy than all the oil in Saudi Arabia.
According to Proctor’s article, “The Governor’s Energy Office is applying for a $10 million federal grant to expand the use of natural gas for transportation uses.” Gov. Ritter, told the 2,000 attendees that he is calling for the “state’s expansion of tax credits for vehicles that run on compressed natural gas, and credits for converting vehicles to run on natural gas.”
Ms. Proctor wrote, “Ritter’s comments drew applause and praise from industry executives,” including Peter Dea, president and CEO of private Cirque Resources LP in Denver who said,
“I thought the governor’s comment that natural gas is a vital part of the New Energy Economy and a permanent fuel – not a bridge fuel – and a critical fuel for Colorado and the nation is right on point.”
To read the entire article click HERE.
— The Pickens Team