When Gov. John Hickenlooper expressed his support for the Jordan Cove Energy Project, he joined the Grand Junction Economic Partnership, Grand Junction Area Chamber of Commerce, and West Slope Colorado Oil and Gas Association in citing the potential economic benefits of the project to western Colorado.
We should absolutely remain optimistic about the prospects of the Jordan Cove facility. The project is exciting, but remains several years away assuming all goes well in the permitting processes. It’s also important to remember that this is not the only way of increasing oil and gas activity in the Piceance Basin. Another important step to stimulating energy development on the Western Slope is to lift the ban on U.S. crude oil exports.