Gov. Corbett: Marcellus betters society

PHILADELPHIA — Gov. Tom Corbett on Thursday placed high hopes on the development of the Marcellus Shale to help him achieve his goals for Pennsylvania.

“I’m convinced that we’re beginning a new industrial revolution for the U.S. and especially for Pennsylvania,” he said at the Marcellus Shale Coalition’s annual Shale Gas Insight Conference in Philadelphia.

By the end of his tenure, which he hopes will be in six years, the governor envisions having accomplished three things.

“I want the state on sound financial footing,” he said. “I want the state to be able to say that every Pennsylvanian who wants a job has a job. And I want every person in this state trained and educated for the jobs of the 21st century.”

The gas industry’s economic contribution to the state is furthering those goals, he said.

“The Marcellus boom isn’t simply about advancing business. It’s about advancing society,” Corbett said.

In fact, during recent travels to Germany and France, the governor touted the region’s cheap energy and strategic location for foreign businesses looking to locate in the U.S.

Corbett said the anti-severance tax crowd was vindicated last week when the state received its first round of impact fee payments that neared $200 million.

“We got that right,” he said. “That’s the difference between throwing together a quick fix and planning for real progress.”

A severance tax would have brought in half of that, he said. Last week, the Pennsylvania Budget & Policy Centerdisagreed.

As convention center security kept watch over the planned anti-fracking protests outside of the building, Corbett also fired some shots at those who oppose natural gas extraction.

“We are advancing even in the face or unreasoning opposition,” he said. “Opponents agree that we can land a rover on Mars, but can’t bring themselves to think that we can safely drill a mile into our own soil.”

The governor also credited shale development with saving one of the three Philadelphia refineries that were on the chopping block at this time last year.

On Sept. 19, Philadelphia Energy Solutions announced its plans to process shale gas at the former Sunoco refinery.

Corbett said he can easily see a time when all three refineries will be turning Marcellus gas into liquid fuels and chemical feedstocks.

The governor apologized to the crowd for missing last year’s conference because of flooding in southeastern Pennsylvania and thanked participants for creating jobs in the state. As he walked out to music resembling the theme from Star Wars, Corbett received a partial standing ovation.

SOURCE: http://www.bizjournals.com/pittsburgh/blog/energy/2012/09/corbett-marcellus-betters-society.html?page=all

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