Holding Hostage Development, Jobs Creation is Not Sound Energy Policy

Oct 26, 2010, 17:31 ET from Associated Petroleum Industries of Pennsylvania

HARRISONBURG, Pa., Oct. 26 /PRNewswire-USNewswire/ -- Rolf Hanson, executive director of the Associated Petroleum Industries of Pennsylvania, questioned the decision by Governor Ed Rendell to halt with an executive order new natural gas drilling leasing on state lands over a political stalemate on taxes:

"Holding hostage important natural gas development and the creation of new jobs and revenues over a political impasse is not sound energy policy. The Keystone state continues to struggle with high unemployment and budget deficits, and natural gas is part of the solution to the state's economic problems."

"Researchers at Penn State University estimate that the Marcellus gas industry in Pennsylvania could be generating $13.5 billion in value-added economic output and almost 175,000 jobs in 2010. Pennsylvanians' know that tax increases on the oil and natural gas industry is not the answer. In July, Harris Interactive released a poll showing that six in 10 Pennsylvania voters oppose higher taxes on America's oil and natural gas industry."

"We need to put politics aside and do what's right for Pennsylvanians. That means allowing the Marcellus Shale to unleash the forces that will create thousands of new jobs in the state."

SOURCE Associated Petroleum Industries of Pennsylvania