Natural-Gas Tax Receipts Overly Optimistic, Industry Says

more+
less-

Pennsylvania Gov. Edward Rendell's proposed natural-gas extraction tax would raise only a portion of the amount estimated by the state Office of the Budget, natural gas industry officials say.

"His numbers are off by a factor of four," an industry spokesman said. "Sure, there's a lot of activity in exploration, leasing land, but the level of production hasn't followed quite yet."

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.