Amy Joi O’Donoghue
May 24 2016
SALT LAKE CITY — The Governor’s Utah Energy Development Summit opened Tuesday amid an economic climate for fossil fuels dominated by uncertainty and pessimism — at least for the coming months.
Utah, like other states rich with carbon fuels, is suffering in the aftermath of the tanking oil and gas industry.
The state saw the value of its energy production shaved by half in a year’s time, fueled by natural gas prices that have plunged 43 percent, coal production that is at its lowest in almost 30 years, and drilling rigs that have nearly vanished from Utah’s once promising oil and gas fields.
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