Also at stake are a number of high profile U.S. politicians who have staked, to a large degree, their upcoming reelection by campaigning on the claimed successes of the oil and gas companies operating within their state’s shale formation. One such politician seeking reelection this year is Pennsylvania’s Governor Tom Corbett who has been heavily touting what several leading Pennsylvanian labor economists believe are questionable job creation numbers in the state’s Marcellus Shale formation. Corbett has also offered Shell Oil more than $1.6 billion in state tax credits to locate and build an ethane refinery plant outside of Pittsburgh, Pennsylvania. For more than 18 months Shell Oil has been unwilling to date to sign the record breaking state tax incentives agreements with Gov. Corbett and move ahead even as the governor continues to campaign on this issue. Can anyone say, MORON?
Posted on: Thu, 27 Mar 2014 19:24:09 +0000