It's really happening...
By November 5, 2013, Colorado residents will actually vote on secession.
Weld county commissioners voted unanimously in favor of putting a 51st state question on the ballot.
“Eighty percent of the oil and gas revenue in the state of Colorado is coming out of northeastern Colorado – Weld, Yuma County and some other counties,” says Weld County, Colorado Commissioner Sean Conway.
“We are economic drivers. Seventy percent of the K-12 funding is coming off the state lands in Weld County alone.”
Lawmakers don't seem to care, though.
Instead, they recently passed Senate Bill 252, which will “double the Renewable Energy Standard, from 10 percent to 20 percent for Tri-State Generation and Transmission Association, the wholesale energy provider to most Colorado electric co-ops, and Intermountain Rural Electric Association, the largest distribution cooperative in Colorado.”
They also want less oil and gas production – a significant part of Colorado’s economy.
But all it’s doing is disenfranchising residents of northern Colorado. No wonder northern Colorado wants to secede.
They’d rather break off as West Virginia did in 1863 to become a new state.
Even if residents vote unanimously to form a 51st state, the idea still faces an uphill battle. The state legislature, the governor and Congress would have to approve.
It may seem like nothing more than "symbolic," but residents feel as if they have no choice.
Residents on the northern counties see this as a way to protect an economic boost from oil and gas production. We’re talking billions of dollars of potential. The Niobrara shale -- described by Anadarko Petroleum as "among the largest in recent history" -- is in this area. “Everything you could possibly want in a play — this has it. It’s great news for us and for Colorado because it’s going to generate a lot of activity and investment for a number of years.”
Yet it has become apparent that lawmakers want to pass on that opportunity for renewable energy…
“With an assessed value of $7.5 billion this year and continued announcements from Noble Energy, Inc.(NBL), Anadarko Petroleum Corp. (APC) and others planning to invest billions more on drilling in the region, more money could go to ignored infrastructure and to education, which commissioners said is seriously underfunded in Weld County.”
Interesting to note, Noble plans to spend up to $1.7 billion in Colorado this year alone.
Another stock to watch in the region is Synergy Resources (SYRG) – which holds about 22,500 acres in Colorado.
In the end, it’s highly unlikely secession plans will secede. All these residents really want is a voice. Until then, they want secession.