This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Governor Corbett: Marcellus Shale Development Employs Thousands Of Pennsylvanians; Reduces Energy Costs

PITTSBURGH, Nov. 14, 2013 /PRNewswire-USNewswire/ -- Today, Governor Tom Corbett addressed more than 3,000 attendees at this year's Developing Unconventionals East Conference in Pittsburgh which focused on the significant impact of the Marcellus and Utica gas plays on the Appalachian Region. 

Pennsylvania is currently second in the nation for natural gas production and fifth in the nation for overall energy production. 

"Our energy industry is creating tremendous economic and environmental progress for Pennsylvania's citizens," Corbett said during his address to the conference delegation. "Home heating costs have been cut in half; electricity prices are down 40 percent; and according to the EPA, carbon emissions are down by 7 percent.''  

"More than 200,000 people are working in jobs created or made more prosperous and more secure by the vast wealth being tapped from our energy industry, including the Marcellus Shale gas play," Corbett said. "Just visit Williamsport, Green County, Washington County or any of a dozen others, and see the crowded restaurants, the full motels and the stores who are seeing heavier customer traffic and higher sales. Ask those people if they'd be doing this business without the drilling industry."

The Pennsylvania Department of Labor & Industry (L&I) uses the Quarterly Census for Employment and Wages (QCEW) to measure employment levels and to track the employment change of the energy industry in the state.

Employment data indicate that there are 28,155 jobs in the industries where core activities for Marcellus Shale occur, which is an increase of 162 percent since 2009. Work in these core industries is often the most high-profile and visible work related to Marcellus Shale. These industries include drilling and extraction work, building pipelines, and transporting natural gas through pipelines.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs