Valuing Colorado’s Roan Plateau
How much are oil and natural gas worth? I’m not asking how much a barrel of sweet crude is going for these days or what your gas bill from the utility company was last month. The real question isn’t how much fossil fuels cost in terms of dollars, but rather, what is worth sacrificing in their pursuit? Since the physical process of extracting oil and gas tends to severely despoil the surrounding environment, asking how much oil and gas are worth is akin to asking what nature is worth.