The consequences will be felt far beyond the state of Colorado, where residents will lose their livelihoods and see increased gas and energy prices. Yes, even more than the increases we are seeing today. BLM is proposing to close all areas with no known low and moderate oil and gas development potential and is basing its analysis off the oil and gas potential on out of date information that does not take into consideration modern technology. The permian basin was once thought to be low to medium and now it's the highest producing oil field in the world. (1:08:31–1:08:51)
CLAIM
Asserts that BLM's proposal is based on outdated information and will close areas with no known low and moderate oil and gas development potential.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
