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Energy Tomorrow Blog

Shale Energy Development = Opportunity for Pennsylvanians

jobs  marcellus  Shale  tax revenue  royalties 

Mark Green

Mark Green
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.”

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Gasoline Prices and Real Help for Consumers

access  energy  gasoline  regulation  Energy 101  Jobs and Economy  gas prices  fuel prices  Onshore Oil Production  Onshore Gas Production 

Mark Green

Mark Green
Posted May 23, 2013

Gasoline prices have been rising with the approach of the summer driving season – up to about $3.66, according to AAA – pushed there by rising crude oil prices. U.S. consumers need help. And they could get it – if the administration pursued a number of energy policies to put downward pressure on global crude costs, while abandoning other choices that could harm consumers.

API Chief Economist John Felmy’s reporter briefing Thursday focused attention on two paths: one that will increase domestic production of oil and natural gas and one that won’t. Unfortunately, the administration – via proposals to increase energy taxes and a new wave of questionable regulation – looks headed down the wrong path, a recipe for disaster for American energy:

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Nebraska Clears Way for Keystone XL

keystone xl  keystone pipeline  jobs creation  energy policy  downstream 

Mark Green

Mark Green
Posted January 22, 2013

The decision by Nebraska’s governor to OK a new route through his state for the Keystone XL pipeline is based on a factual assessment of the project’s safety, as well as the economic benefits that would accrue.

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Americans Want Jobs, Not Higher Taxes

american economy  american jobs  domestic energy  energy taxes  gasoline prices  government revenue  taxes  natural gas tax  oil tax  pricewaterhouse coopers study 

Jack Gerard

Jack Gerard
Posted May 12, 2011

Even as the economy creates more jobs, unemployment remains much too high. That is one reason Americans remain highly suspicious of efforts to increase taxes on the oil and natural gas industry, an industry that supports more than 9.2 million jobs - and could create more than one million new jobs if we opened areas currently off limits, pursued oil and natural gas shale development, and furthered our energy partnership with Canada.

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