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Roan Plateau sale

This letter has not been edited

Dan Green, Wheat Ridge

Published September 8, 2008 at 6 p.m.

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You went badly overboard on the Roan leasing coverage, buying in to the environmentalist view that the leases sold too cheaply.

You ignore several crucial facts:

It had to all be leased now, or there wouldn't be any leasing or shale development. As quick as the environmentalists, who have seized control of Colorado government, take over in Washington, all leasing will stop. The Bush administration had no choice but to get it leased before they left office, if there was to be any chance of development at all.

Of course Gov. Ritter and Sen. Salazar are sad. Their pretext for spreading out the leasing to get more money as gas prices go up, so the leases get more money, is false. They want no leasing at all, ever. Your over-the-top front page picture of an angry Ritter is great art, but that's the way losing goes.

President Bush has already shown what just the threat of domestic drilling will do: oil is down from nearly $140 a barrel to $113 a barrel in three weeks, because he lifted the presidential ban on offshore drilling. A full congressional ban lift, and the commencement of exploration and drilling, will bring them down even more. Supply and demand does work. As the supply goes up and demand stays the same or drops, as is happening now, prices drop.

Mark Udall, Sen. Salazar, Gov. Ritter and Barack Obama need to wisen up quick or they'll lose the November election.

Comments

  • September 9, 2008

    6:46 a.m.

    Suggest removal

    glowrock writes:

    How many times do we need to debunk the bull that it was Bush lifting the federal ban on offshore drilling that caused oil to plummet? It was more likely due to decreased demand for oil by both the U.S. as well as Europe that caused the drop, not to mention news that China and India's consumption will increase much less quickly than projected due to an overall worldwide economic slump.