Joseph Mason

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  • ** FILE ** This Dec. 5, 2012, photo shows an oil pump jack in a field adjacent to a sub-division near Fredrick, Colo. Citizen fears about hydraulic fracturing, a drilling procedure used to pry oil and gas from rock deep underground, have made "fracking" the hottest political question in Colorado.

    CBO underestimated potential revenues from expanded drilling, study finds

    The Congressional Budget Office's estimate of potential revenue from expanded oil and gas leasing in federal areas was far too conservative, underestimating the potential budget impact by billions of dollars, according to an analysis issued Tuesday by the industry-backed Institute for Energy Research.

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