Currently viewing the tag: "fracking"

I was absolutely incredulous when I first heard the specifics of Mitt Romney’s (R – 1955) energy policy. In a nut shell, he pledges “North American” energy independence in just 8 years. How? Entirely via supply-side reforms of the fossil fuels industry. Note there is not a single mention of managing the demand side, even by way of something as simple and relatively unintrusive as improved CAFE standards. But with all of these shale oil and tar sands resources, surely we can drill our way to oil prosperity, right? I’m not so sure. (And I’m even going to ignore […]

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Kasich Corporate Welfare Recipient Defrauds Government, Gets Big Paycheck
Omnicare, you may recall, was awarded millions in state incentives to move across the river–bring its existing employees with it–from Kentucky. Now, facing a massive settlement for Medicaid fraud , the company’s CEO is leaving with a big severance check worth over $3.3 million. Because if anyone should get a bonus, it’s the guy who convinced Governor Kasich to give him taxpayer money for not hiring anyone in Ohio or contributing to the tax base.

Fracking Regulations
When oil and gas lobbyists Full Story...

Kasich to sign fracking oversight legislation
As Kasich prepares to sign SB315, which offers no new tools to local governments dealing with the effects of fracking, the Plain Dealer shares the experience of Broadview Heights, where urban oil and gas drilling has impacted the community and residents have few options to fight back.

Obama to return to Ohio Tuesday
Gosh, what a coincidence that the Dispatch would give the Governor prime real estate in Saturday and Sunday’s editions to attack the President twice this weekend […]

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Last week, the Kasich administration quietly introduced a five-fold tax increase on the disposal of chemical-laced fracking wastewater from other states. Disposal of Ohio brine will cost ten times less. Such a move clearly violates the US Constitution’s restrictions on Interstate commerce, something Kasich has in the past acknowledged.

Let’s recap: ODNR recently confirmed that injection of chemical-laced wastewater from hydraulic fracturing (“fracking”) was responsible for a series of earthquakes near Youngstown:

“a number of coincidental circumstances appear to make a compelling argument for the recent Youngstown-area seismic events to have been induced.” – Ohio Department of Natural Resources, […]

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(Crossposted from Ohio Budget Watch)

Readers of the Dispatch learned this morning that Governor Kasich, as part of his plan to revisit the budget, may seek to increase taxes on oil & gas drillers (aka “frackers”) and use the revenue to cut the state’s income tax.

We wanted to know how much you could reasonably expect to lower income taxes solely by increasing taxes on oil & gas. Unfortunately, the Dispatch must have let the guys with the calculators go home early. So we did the math, and here’s how the numbers work out:

According to a report by Innovation Ohio , […]

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