Tuesday, July 26, 2011

Keystone Fracking Leaves Empire State in Dust

Pennsylvania is kicking New York's butt in natural gas exploration, jobs created and taxes collected.
More than 2,000 wells have been drilled in the Keystone State since 2008, and gas production surged to 81 billion cubic feet in 2009 from five billion in 2007. A new Manhattan Institute report by University of Wyoming professor Timothy Considine estimates that a typical Marcellus well generates some $2.8 million in direct economic benefits from natural gas company purchases; $1.2 million in indirect benefits from companies engaged along the supply chain; another $1.5 million from workers spending their wages, or landowners spending their royalty payments; plus $2 million in federal, state and local taxes. Oh, and 62 jobs.
Remember, that's PER well.

Meanwhile in New York, a virtual moratorium on drilling is keeping that start from realizing such benefits.

5 Comments:

Blogger jake said...

Pennsylvania just doesn't have its priorities straight. New York is creating jobs for deserving wedding planners and caterers, not dirty, smelly gas field workers.

Who needs new domestic energy sources when you can be promoting feel-good social justice? Why frack gas when you can frack ass?

July 26, 2011 at 10:06 AM 
Anonymous Anonymous said...

You are absolutely wrong, Jake... Our esteemed leaders in the Commonwealth do have their priorities straight. As opposed to their counterparts in New York that have their priorities clearly established as un-straight. I wonder if Wendell Young will be doing the Amtrak shuttle to New York City to organize the now in-vougue wedding planners and caterers???

July 27, 2011 at 8:46 PM 
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