Fracking

            As adults, we begin absorbing more responsibilities than we had as children. One responsibility we gain is real estate. As we go through life, we must worry about planning for our future. A part of that future would be our property value. Our property value determines how well we can sell our homes or property when we become interested. When the value increases, your chances for a profit rise, however there are many factors that can drive the value down. Fracking is an example of such. Alongside the pros of fracking, there are just as many cons. When you buy home, you want to create a lifestyle for yourself and your family. This can prove to be a hard feat when you’re dealing with conditions that come with fracking. One condition that comes with fracking, is the visual of a big drill rig. One big factor when it comes to buying a home is the view. Whether it be the mountains, the city or big trees, the view is very important. According to an article on the website of Resou

  "Weld County does not want your bill," said Firestone Republican Rep. Lori Saine when Lafayette Democratic Rep. Mike Foote announced a bill that was set to increase the distance oil and gas wells could be from schools and child care centers. According to the Times Call Local News article, Saine went on to say “In Weld County, if you increase setbacks any more than they are now, it would ban drilling," The article notes that the current setback limits for permanent school buildings is 1,000 feet. Foote’s bill would require oil and gas wells to be located 1,000 feet from the property line rather than the building. Rep. Foote claimed, whenever a regulation is brought forward on the oil and gas industry, those opposed say it is a ban on drilling. He goes on to say that this is not true. According to the Colorado Oil and Gas Conservation Commission, these regulations would only affect 0.008 percent of the overall land acreage in Weld county and 0.006 percent statewide. O

Should The Setback Limits For Fracking Be increased? One of the latest debated topics, not only in Colorado but all around the nation, is hydraulic fracturing. According to Earth Justice, Colorado sits on a rich source of natural gas called Niobrara Shale. They also say that from the years 2000 to 2010, the number of active oil wells rose from 22,228 to 43,354. The Brookings Institution has recorded that natural gas prices has dropped 47 percent since 2013 due to fracking. They go on to say that gas bills have dropped an average of $200 each year for gas-consuming households. This adds up to $13 billion per year.  According to the Coloradans for Responsible Energy Development (CRED), the natural gas unlocked by fracking has allowed small businesses to cut their energy costs, which allows them to hire more employees. Colorado’s small businesses make up more than 99% of Colorado’s employers. In another article, the CRED go on to say that “Colorado is one of the largest natural ga