state highway: Share to facebook Share to twitter Share to linkedinFILE--In this Friday, May 27, 2016, photograph, a pump jack works off state highway 119 near Firestone, Colo, according to The Independent. On Thursday, March 23, 2017, Colorado's second-highest court says state regulators can put more weight on protecting public health and the environment when they draw up rules for oil and gas drilling. Energy I write about the global energy business. AP Photo/David Zalubowski, file ASSOCIATED PRESSThe U.S. shale gas industry has never been more active and more productive, feeding ever-increasing demands here. It's the ultimate paradox that an industry is spending more on drilling than it has realized from selling shale gas. At the same time, though, the industry is awash in red ink, namely because the price of the commodity remains low.
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