Historian Says Energy Boom Will Likely End In Bust

Parachute, Colo. (AP)- A historian of Colorado energy boom says the frenzied development of the present could end like other
booms before it _ in a bust. Andrew Gulliford of Fort Lewis College says high energy bills could scare people into turning down thermostats, and drive the nation to conserve energy. He said the decisions that will shape Colorado's energy future
will be made elsewhere. Speaking to residents in Parachute in the epicenter of Colorado's energy boom, Gulliford recalled that the oil industry had predicted oil shale development would draw 4 million people to the corridor between New Castle and Grand Junction. The oil shale industry collapsed in 1982 because there was no practical way to develop it. With high energy prices the industry is taking a fresh look at how to get oil shale out of the ground at a reasonable price. Gulliford said even if they succeed, oil shale and natural gas will remain nonrenewable resources and eventually will be depleted,
followed by a bust.
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