|
It could be stated that Wyoming people have endured 25 years since the last great boom lit up the state’s economy.
It was the mid-1980s when oil prices crashed, nationwide demand for energy plummeted, interest rates soared and, overall, dreams hatched during an energy boom turned to nightmares in Wyoming.
Today, we are in the fifth year of the next big boom, folks. And it is a time for optimism. This is a time for the dreamers to dream. A time for big thinkers. A time of innovation.
Lawmakers have met in Cheyenne in recent years with budget surpluses nearing $1 billion a pop. The next session in February will be different with a much smaller surplus as severance taxes have been down and our government grows. But as Gov. Dave Freudenthal said the other day, the outlook is still very, very rosy.
We know where all this new money is coming from – severance taxes on minerals, especially natural gas. Measured in mcfs, the output for Wyoming has increased immensely in this past five years.
The time for innovation is when you have money to do things. And future-thinking leaders have been doing some great things in recent years. For example:
• Over a billion dollars has been budgeted and spent for new school facilities in our state.
• The Hathaway program will provide any qualified student in Wyoming with a college education with a $500 million endowment.
• Over $100 million has gone into endowed chairs at the University of Wyoming and the community colleges. A Department of Energy has been created at the university.
• More than $124 million has been sent to our communities in the business ready community program, paving the way for creating an infrastructure that will survive any future bust.
• The NCAR super computer project in Cheyenne will be huge.
• A wildlife trust fund has been established to guarantee an income flow for projects involving our game and fish, both hunting and non-hunting.
• The state is financing new prisons and remodeling old prisons.
• Money has been allocated to deal with substance abuse, alcohol and tobacco abuse. Plus new facilities are being built for our addicts.
• Long overdue maintenance projects of state buildings and facilities have been funded and are underway.
The above list is impressive but there are still projects left to accomplish and also new schemes to ponder.
This is the time for dreamers. It is a time for big ideas. Here are a couple of them that have been mentioned:
Why not consider building an energy reservation here in Wyoming that could incorporate coal-to-gas technology, besides the one on the drawing board in Carbon County? It could possibly incorporate nuclear power and/or a natural gas-fired power plant, too. Perhaps a new refinery needs to be built. Such a reservation could be located at some spot probably located in a square cornered by Douglas, Buffalo, Newcastle and Lusk.
A second grand idea might be to get the state involved in the ownership of energy projects or at least as a partner. This could significantly lower the costs of power to our own citizens plus give us the upper hand in creating local development surrounding such a project.
Meanwhile, we have other opportunities such as:
•And how can we preserve our pristine environment in the face of unprecedented growth? Can we have our cake and eat it, too?
• Tourism continues to boom but we need good roads. Some new four-lane highways make a lot of sense. As an airline advocate, I have long supported the idea of the state becoming more innovative when it comes to providing commercial air expansion.
• Gov. Freudenthal wants some more reservoirs, which makes a lot of sense in a state where the climate is described as semi-arid. And despite recent rains, we have had drought five of the last six years.
So, where are our big thinkers? Now is when they need to come forward. This is not a time to piddle around.
We know the governor and legislative leaders have often pondered the creation of some kind of think tank that would try to come up with great plans for Wyoming’s future. The 1970s-vintage Wyoming Futures Project was a good model but it was knocked in the head by the bust of the 1980s. It is now time to do a new one.
Over the past few years, the late Sen. Craig Thomas traveled the state with his Wyoming: 2020 meetings, which were an attempt to look into the future. Some good information was gathered.
And finally, 2008 is an election year. What great ideas do our candidates have to put forth that can answer the big questions about Wyoming’s future?
|