Proponents of the initiative—which qualified in end-August for the ballot with enough signatures raised—say that it would limit the health and environmental dangers of fracking. Opponents and analysts say that such setback measures would effectively mean a ban on drilling in the state as it would put a lot of land off limits for new developments. If Proposition 112—as the new setback proposal will be put on the ballot—passes, it would devastate the oil and gas industry in Colorado, destroy thousands of jobs, and eliminate billions in state revenues from oil and gas taxes and royalties that would affect the entire Colorado economy, say the groups who oppose the initiative to increase the setbacks from the current 500 feet to 2,500 feet. The stocks of oil and gas drillers and midstream companies active in Colorado, including Anadarko and Noble Energy, have already suffered since the proposition made the ballot […]