Note: Sometimes we write blog entries and forget to hit the publish button. Last night, I was going through some of my older essays and found this one from August. Oops!
It looks like Colorado may be in line to get a $55 million windfall someday, after the litigation is over. That is about half of the proceeds from the leases.
Simple logic, something that environmentalists don't seem to be good at, says that their actions severely depressed the size of the windfall and the number of bidders who were willing to invest time and money on a project they hope never materializes.
Still, the sale realized much more than the the $6 million that they hoped and prophesied would be the maximum that the government would get.
The Denver Post takes its traditional anti-development stance on the issue by proclaiming:
In our view, the modest return on the Roan leases clearly justifies the governor's efforts to protect the state's wildlife and other environmental treasures — rather than selling our birthright for what proved to be a rather modest mess of pottage.
Mark Udall, who suddenly is in favor of off shore drilling after spending ten years in Congress as the most ardent opponent of fossil fuels still seems to oppose development of the Roan. I have to chuckle at his commercial claiming that Bob Schaffer has sold out the the oil industry when Mark Udall has so clearly sold his soul to the "no drilling" environmentalists.
Nancy Pelosi now sees the wisdom of allowing a vote on offshore drilling.
Democrat hypocrisy never seems to end.
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