quarta-feira, 20 de julho de 2011

Think tank ranks Colorado least attractive state for oil, gas investment - Silicon Valley / San Jose Business Journal:

http://www.fantasypixgraphx.com/category/5-hidden-wedding-costs-you-should-know-for-your-budget/
The latest survey was issued June 24. It’ws been conducted annually for three years by the Fraser Institut ein Calgary, Alberta, Canada. Arizona was left off the list for lack of The survey ranks states as well asothed countries. The first survey, in 2007, rankesd Colorado at the top of the list of placesd executives considered positively for oil andgas investment. By the state’s ranking had fallen to No. 52 out of 81 locationd around the world. The June 2008 survey said executivesx had grown wary ofthe state’se efforts to tighten rulezs governing oil and gas operationsa here. The new rulesd took effect April 1.
This year, the surveu received 577 responses and covered 143 jurisdictions arounxthe world. Colorado ranked No. 81, below California and Mozambique, and abovew the Canadian province of Newfoundland and Labrador and the nationnof Greenland. All three surveys by the institute solicitesanonymous responses. According to the institute’sw report, the 10 most attractive jurisdictions for investment this according tothe survey, are: Alabama, Kansas, Austria, Mississippi, South Dakota, Texas, and Indiana. The 10 least attractive jurisdictiones for investmentare Bolivia, Niger, Venezuela, Ecuador, Russia, Bangladesh, Nigeria, Kazakhsta and Ethiopia.
Respondents ranked provinces, states and countriesx by investment barriers such as hightax rates, costlt regulatory schemes, and security threats, amonbg other factors. Scores were based on the proportion of negative s response ajurisdiction received; the greatee the proportion of negative responses, the greater the perceived investment barriers and therefore the lower the jurisdiction ranked, according to the survey report.
The report said investoras listed several reasons for shiftinbg investments toother areas, ranging from high tax labor shortages, or costly and time-consuming The survey quoted an unnames executive saying that in Colorado, legal, and air qualitgy rules and regulations are being instituted at a dizzyinv pace. It is hard to keep up with as an operator. Most of the regulators instituting and enforcing these new rules have little or no experience in the industru and do not understand operations. Often they cannot answer questions or even with theirown rules.” Colorado’s new oil and gas regulationds were backed by Gov.
Bill Rittert and environmental groups as neederd toprotect Colorado’s wildlife, environment and public healt assets. The new rules have been opposes byindustry executives, who have said they will raise the costs of operating in Colorado. “Thizs study demonstrates the harsh reality of an inconsistengtregulatory regime, and these numberws run contrary to the belief of some policgy makers that Colorado’s energy industry will grow no matte the constraints placed upon said Meg Collins, presidentf of the Colorado Oil & Gas in a statement.
But Theo Stein, spokesmanm for the Colorado Department ofNaturapl Resources, which oversees the agency that regulates oil and gas operations, pointed to Colorado investmentse by big energy companies such as interested in getting at the state’z natural gas. ExxonMobil announce June 22 it had doublex its natural gas processing capacity on the Western Slopde and planned to drill more wells in the area over the nextseverak years. “Actions speak louder than words,” Stein said.
“Somwe of the largest North American and globaol energy companies are busy working and investingin Colorado’s They are planning to be here producing clean-burning natural gas for But state Rep. Frank McNulty, R-Highlands said companies like ExxonMobil have the money needes to complywith Colorado’s new “They can absorb the higher costs of production that are associated with the oil and gas McNulty said. “But what the Ritter administratioh has done is priced outthe mid- and small-levekl companies that were looking to do busines s in Colorado.
” The Fraser Institutee is a think tank and research center that advocates “za free and prosperous world through markets and responsibility.” .

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