Update: Pennsylvania Economic Impact Study

Posted on July 21, 2011 by Vorys

We've reported previously on various economic impact studies done showing the benefits of local oil and gas development (for example, see here (Oklahoma); here (West Virginia)).  The Philadelphia Inquirer is reporting on an updated study for Pennsylvania:  "'Our estimates suggest that in 2020 the Marcellus industry in Pennsylvania could be creating more than $20 billion in value added, generating $2 billion in state and local tax revenues, and supporting more than 250,000 jobs,' said the authors associated with Penn State's department of energy and mineral engineering."

Not bad at all.

[Update:  You can find a copy of the report here.]

[Link now fixed.]

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