Posted on 02/26/2015 7:28:10 AM PST by RS_Rider
Royal Dutch Shell warned Gov. Tom Wolf that policies which hurt gas production could affect the company's decision on whether to build a multibillion-dollar plant in Beaver County to turn ethane into plastics, the head of a gas industry group said Wednesday.
“I sat in a meeting with Gov. Wolf in August, where leadership from Shell looked the now-governor directly in the eye and said, ‘If you jeopardize the ethane supply, we likely don't invest here,' ” Marcellus Shale Coalition President David Spigelmyer told Tribune-Review editors and reporters. “That's a big deal. We need to make sure we have opportunities to invest and grow.”
The head of the North Fayette-based advocacy group and industry lobbyist said he has no inside knowledge on whether Shell will build the so-called ethane cracker.
Spigelmyer said Wolf's proposal to collect 5 percent of the money producers get from wells and 4.7 cents for every thousand cubic feet coming from wells threatens investments and could slow production of gas and related liquids, such as ethane.
Shell said it determined in April it would have enough ethane to operate the plant if it builds, with 10 contracts lasting up to 20 years. The company said the plant could employ 400 people and outside projections put the number of related jobs in the thousands.
“At no time has Shell linked the potential future of the proposed petrochemical facility with Gov. Wolf's proposed natural gas severance tax,” company spokeswoman Kimberly Windon said in an email. “Shell has always maintained that the ethane supply for the proposed facility would come from the region.”
(Excerpt) Read more at triblive.com ...
Central Virginia is nice.
Congratulations to the stupid people of Pennsylvania who voted for this tax and spend jackass. You have just killed more jobs and the state’s economy in general. All in the name of “education” — that is, preserving and enhancing union teacher jobs.
Liberals are so stupid; they just assume business will always be there to be milked no matter what policies they pursue. And then when the businesses either leave or don’t locate there to begin with, it’s business’ fault.
It’s the logic of spoiled little children.
The republicans control the state house and senate by large margins.
None of progressive Wolf’s tax increases are going to become law...
I wouldn’t bet on it. The Republicans here are wusses.
York and Lancaster Counties refused to vote for the bastard. Since he’s from York County we KNEW he was a hypocrite tax and spender.
The GOP has bigger majorities in both chambers of the legislature and could and should make it clear that economic growth outside of the Democrat strongholds is going to take precedent over teacher's unions inside them.
“Congratulations to the stupid people of Pennsylvania”
This idiot (wolf) can’t even hold back on his socialism until Shell agrees to build the plant....chasing away a huge industry before it gets started.
Rumblings have been going on here in Western PA for at least six months that if this bozo got elected, many of the major shale players would be pulling out.
Ohio and West Virginia are less then 40 miles away.
They have options.
The cities have large free stuff populations and incredibly stupid voters who fall for the “tax the rich” line every time. That last part always amazes me. Democrats have used that line for decades and every time it's been tried, it's caused major economic adversity for “the poor” and the “hard working middle class” the Democrats claim they care about. You would think by now voters would realize that “taxing the rich” doesn't work. But these people have IQs equal to their shoe size and the Democrats know it.
It amazes me how many of my Pittsburgh area neighbors...who are mainly Catholic and socially rather conservative...continue to religiously pull the handle for Democrats because they’ve been steeped all their life in union propaganda which dates back to the 1930’s.
Exactly why the Founding Fathers said that only property owners could vote. Too many voters nowadays are Gimmedats who have no skin in the game. Under that law, I myself would not have been a voter because I owned no real property for a number of years. But I can’t think of one bit of harm that would have befallen the Country if I had been temporarily prevented from voting.
All in the name of “education” — that is, preserving and enhancing union teacher jobs......Part of it. Most people voted against Corbett for not investigating (when he was AG) Sandusky because he was protecting Penn State. Sandusky was not an employee of PSU at the time.
I know in my neck of the woods there are four pads that were humming right along getting underway. By the looks of things as of the past couple months, all work has stopped; I don’t see much progress being made.
There are no such things as corporate tax, business tax, oil tax, or industry tax. Businesses and corporations are merely tax collectors from YOU, the end user. Oil companies make less than 10 cents a gallon per dollar of sale, far, far less than the taxes that are imposed on oil sales, and who pays for it? YOU.
This company they rail against will likely not make more than the 5% the governor seeks per dollar of sale, yet they want that 5% for an investment and risk of nothing. Say hello socialism.
Lets not forget the elderly population. While not all of them are democrat, large swaths vote dem/union because it is ingrained.
I still have one aunt left (my mother's youngest sister). She always voted Democrat, but since Obama came to power, she has become increasingly conservative. It was Obamacare that really opened her eyes and made her look more closely at the party and its harmful philosophies as a whole.
So maybe there is some hope.
And kinda far from the Marcellus play where the ethane is being produced to send the plant that would make ethylene.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.