Posted August 16, 2013
USA Today – Our View: Ethanol Quotas Pump Money from Your Pocket
USA Today’s editorial says that the increasing ethanol mandate is “bad public policy” that the “Obama administration has some flexibility to lower mandates, but a better approach would be to repeal the law entirely.”
City Journal – The View from Marcellus
Hydraulic fracturing “brings breathtaking economic and environmental benefits – at least to places that welcome it,” writes James Panero. He also notes that in 2000, shale produced only 2 percent of our domestic oil and natural gas supply. According to government studies, 50 percent now comes from shale and unconventional sources.
Posted August 1, 2013
Posted July 30, 2013
In this video, Dan Roupp, a third generation Pennsylvania timber and lumber farmer, notes the safety of oil and natural gas development through hydraulic fracturing in Lycoming County:
Posted June 14, 2013
The energy stimulus from shale development last year in Pennsylvania is big – big as in approaching a number with nine zeroes:
- $202.4 million collected in state impact fees from energy producers.
- $731 million in rents and royalties paid to land and mineral rights owners.
That’s nearly $1 billion from the oil and natural gas industry in terms of tax revenues for government to allocate (more below) and payments to individuals.
Pennsylvania officials announced this week $202,472,000 was collected in producer-paid impact fees in 2012. About $204 million was collected for 2011, bringing the two-year total to more than $406.6 million, state officials said. Public Utility Commission Chairman Robert F. Powelson:
“The PUC is entrusted by the Governor and the legislature with the collection and distribution of the Impact Fee monies. Again, we have met all of the deadlines in the legislation, which contains a complex and specific formula for getting this money into the hands of local communities.”
Posted June 13, 2013
Wall Street Journal – U.S. Oil Notches Record Growth
In the latest sign that the shale revolution is remaking world energy markets, the WSJ cites BP’s 2012 Statistical Review showing crude production in the U.S. jumped 14 percent last year to 8.9 million barrels a day. (subscription publication).
Pittsburgh Post-Gazette – Pennsylvania to See $202.47 Million in Per-Well Fracking Impact Fees
A new Pennsylvania Public Utility Commission report notes that more than $200 million from hydraulic fracturing impact fees will be distributed to local governments across the state. Bradford County in the state's northeast will collect the most at $7.3 million while Washington is second at $4.7 million. Lycoming and Tioga counties follow with $4.4 million each.
Posted June 11, 2013
Pittsburgh Business Times – Marcellus Royalties Rising
The newspaper reports on a study by the Allegheny Institute for Public Policy showing that royalty income paid to land and mineral rights owners in Marcellus Shale play has skyrocketed in recent years, from an estimated $10.9 million in 2008 to an estimated $731 million last year.
MSN Money – Meet the State with America’s Strongest Economy
Thanks to the surge in hydraulic fracturing and shale development in North Dakota, the state’s GDP rose 13.4 percent in 2012 over 2011 to lead the U.S. Per capita personal income also has soared, doubling since 2000.
domestic-energy hydraulic-fracturing marcellus marcellus-natural-gas marcellus-production natural-gas new-york penn-state-natural-gas-study pennsylvania-natural-gas west-virginia economic-impacts-of-marcellus
Jane Van Ryan
Posted July 21, 2010
Jane Van Ryan
Posted May 26, 2010