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Well you cannot talk about America shale -- with.
Talk about Pennsylvania -- right here by us coal and steel where once the lifeblood of the keystone state but.
The rest -- is being reborn thanks to huge natural gas reserves in the Marcellus -- joining us now Pennsylvania governor Tom.
Corbett wouldn't talk about all the different.
Spots of this country that has opportunity for us and this Marcellus -- man on man and you guys are really capitalizing it aren't you.
Yes we are Tracy yes -- thank you for having me on it's not just Marcellus Shale.
We actually have two other layers below the Marcellus says he eventually will be getting into some who were already is called Utica.
But is really growing jobs in Pennsylvania and -- we need the economy of Pennsylvania.
Now and you're also getting migration from states that are increasing their taxes they're coming to you the tax implications in Pennsylvania are real big part of this story.
So first if you -- explain to us what an impact he is verses.
They severance -- that other states charge when they do fracking in their states.
Well Pennsylvania already has a lot of taxes and in fact we have our -- royalty taxes we have say.
The sales and use taxes we -- corporate net income taxes.
In fact we have raised one point eight billion dollars since 2007.
Out of this industry.
But the way we were moved crede -- -- -- we decided I decided that we -- enough fun this we want to make sure the industry comes to Pennsylvania.
And we did not put a severance tax on who I took great criticism for that.
Other states still have a severance tax but they don't have the other Texas -- we already have the impact fee 67% of the money we collect excuse -- 63%.
Goes back to the communities and the counties that are directly impacted by the drilling itself.
The rest comes to Harrisburg and stays in Harrisburg rather uses such as additional the people to do inspections.
The parks -- out of our state to be.
Assisting in that.
And so what we have raised so far in two years before you four million dollars -- and any impact fee on the wells have been drilled to date.
Whereas that this separate state goes basically straight back to the state government -- who knows where items.
Well that's that's why will we created the idea was someone come to state government but most of it will go back to the -- -- For the uses for it's it's on their local roads and bridges that are going to be impacted.
They can be used in the schools it to schools increased he can be used in the court houses.
They can be used for social services it really goes to them for them to use as they see fit.
Now there was a study done recently about the impact on your drinking water and I know you very proud -- also tell us.
Well it is a they study that was done by the Department of Energy the national energy technology lab in the city in Pittsburgh Pennsylvania.
It was done about eight different wells one location but a different wells.
And they were testing to see if the -- -- it.
Where the -- took place at 8000 feet below the surface was working its way back up through the rock formation to get to the article first.
That are got thousands and thousands of feet above them.
It was done -- thousand feet 3000 feet above that there was no indication of any reflect.
-- fluid moving up through that because they have different ways of measuring it and this is a very good -- I'm sure that we're gonna see more testing -- sure that there are many people they're a little leery of this kind but this is an independent study done by the government.
Yes and it you know it the jobs it's created.
In your state alone is enough to keep -- testing and hopefully finding good results.
I hear remiss if I didn't ask you -- -- -- you made it recently.
Saying that the president has basically called not only a war on -- but also a war on.
Jobs in your state alone.
What's gonna happen with the coal industry.
Was very difficult for the coal industry in Pennsylvania right now and in the entire Appalachian area with the actions and and some decisions of this administration.
These are good paying jobs family sustaining jobs.
In the United States in Pennsylvania and West Virginia and Kentucky.
We have good uses for coal -- coal technology clean uses for that.
And I believe we need to really address the Adam issue of our energy.
In a balanced approach and the president has said it -- approach I believe -- -- here in Pennsylvania.
I wish his administration we go along with that but also look at the balance approach this call can be used for our.
It's your -- your people will attest say that.
Thank you governor credit for taken account and be with us.
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