Tuesday, May 03, 2011

DrillDrillDrill Solves Blue America's Blues...?

In addition to investment and jobs, shale gas drilling activity has brought a mini-tax revenue boom to Pennsylvania. Some states are starting to learn that welcoming and nurturing a healthy energy industry within their borders is about as close to a fiscal silver bullet as they are gonna find. And the unions get it too, they know that one of their best shots at keeping their jobs intact and ensuring their fat pension and healthcare bennies get paid, is to lock arms with the energy industry. Told ya' so.

UPDATE: Chevron comes to town big time. Meanwhile the NY Assembly continues to keep shale-related investment capital at bay. How long can New York sit by and watch Pennsylvania capture the lion's share of the investment and collateral development from the Marcellus shale deposit?

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