Political Quotes

“Yesterday I addressed the positive economic impact on jobs of shale gas production that was documented during a recent hearing in Pennsylvania by the bipartisan Natural Gas Caucus, which I cochair. An additional area of economic impact of the natural gas production is the direct benefits to Pennsylvania. From 2008 to 2010, Pennsylvania established three leases for natural gas production on State forest lands. These leases have generated signing bonuses totaling $413 million and earned the State another $100 million in royalties. Since 2007, a total of $1.7 billion in corporate taxes have also been paid. During 2012 and 2013, the natural gas industry contributed $406 million in impact fees that are benefiting counties and communities across Pennsylvania. By 2035, shale gas will contribute $42.4 billion annually to Pennsylvania's economy, up from the $7.1 billion in 2010. Mr. Speaker, the economic impact from natural gas development in Pennsylvania is exceeding all expectations. Governor Corbett and the Pennsylvania State legislature are to be congratulated for their leadership in shale gas production. ____________________”