The gas boom
Arkansas Business covers a business conference at which a Chesapeake Energy executive predicts that investment in the Fayetteville shale gas exploration will dramatically exceed previous estimates before it's over. He puts the figure at $75 to $100 billion over the next decade.
That's good. And better still that the legislature passed a severance tax so Arkansas, like other states that have enjoyed major oil and gas exploration, will have something to show for the common good from that exploration.
Comments
Wait!! Increasing investment is something that was NOT supposed to happen after the severance tax turned the poor oil companies into paupers. How can this be? Could it be that a tax didn't really change capitalistic behavior after all? That as long as there is money to be made, people will strive to make it?
Posted by: The Levee![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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April 15, 2008 04:45 PM
Levee's right. This must be one of them obfuscation tactics those capitalists are always coming up with to confuse us dingleberries. Can't help but wonder how much more they'd "invest" if a real severance tax existed. . .
Posted by: ozarkrazo![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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April 15, 2008 05:11 PM
I want a tax on the gas coming out of the White House. They could light the city with that.
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Posted by: eLwood![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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April 15, 2008 07:37 PM
Levee, haven't you enjoyed all the anti-severance tax arguments like
"the state has no right to tax stuff that's on my personal property."
Funny they didn't seem to mind the state taxing their personal gas when
the tax was so low it was ridiculous.
.
Posted by: eLwood![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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April 16, 2008 01:15 AM
The tax is still so low it's ridiculous.
Posted by: Roderick A. Bryan![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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April 16, 2008 06:19 AM
In today's DOG article about the national rise of wholesale prices, there is a brief mention about the cost of natural gas increasing by 4.2% in March. How soon will it be before gas producers come whining to the legislature, blaming the rise on Arkansas' imaginary increase of the severance tax? I can just hear them claim that "See, the tax WAS passed on to the consumers." Am I too cynical?
Posted by: Jim Lendall![[TypeKey Profile Page]](http://www.arktimes.com/blogs/arkansasblog/nav-commenters.gif)
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April 16, 2008 04:00 PM