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As Price Of Oil Falls, Drilling Rigs In Colorado Feel The Pinch

A disassembled rig sits in a field east of Greeley, Colo. (Grace Hood/Colorado Public Radio)
A disassembled rig sits in a field east of Greeley, Colo. (Grace Hood/Colorado Public Radio)

Half of Colorado’s drill rigs have gone idle since the end of October. The decline in the oil economy’s growth here is directly tied to the low price of oil. Economic experts aren’t sure where prices are headed, and that translates into economic uncertainty and layoffs. From the Here & Now Contributors Network, Grace Hood of Colorado Public Radio reports.

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Federal funding is gone.

Congress has eliminated all funding for public media.

That means $2.1 million per year that Connecticut Public relied on to deliver you news, information, and entertainment programs you enjoyed is gone.

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All donations are appreciated, but we ask in this moment you consider starting a monthly gift as a Sustainer to help replace what’s been lost.