National Energy Issues
The Marcellus Shale formation has a nationwide impact. Development in this region could increase energy security, increase American jobs and add revenue to local, state and federal coffers.
The Marcellus Shale physically crosses four (4) states, but its impact spans the nation. If fully developed, the Marcellus Shale could become the second largest natural gas field in the world (next only to fields in Qatar and Iran) with recoverable reserves estimated at over 489 trillion cubic feet of clean-burning natural gas that will greatly enhance our energy security.
The economic benefits are equally astounding, because natural gas production in the Marcellus Shale region—if developed—could create 280,000 new American jobs and add $6 billion in new tax revenues to local, state and federal governments over the next decade
These benefits can only be achieved if America can continue to access resources in the Marcellus Shale Formation, and without the penalties of high energy taxes and other regulations that would stymie development.
Read more:
Natural Gas is America's New Energy Frontier
RELATED NEWS
EPA to probe gas drilling's toll on drinking water
The Environmental Protection Agency on Thursday released the outlines of its long-awaited probe into whether hydraulic fracturing - the unconventional drilling technique that's led to a boom in domestic natural gas production - is contaminating drinking-water supplies.
'The State Is The Key Regulator'
A former Assistant Administrator for the federal Environmental Protection Agency says the regulations for natural gas drilling in the Marcellus shale should come from the state level.
