Volatile gasoline prices help price locking service grow

PowerSource By Daniel Moore The July 2008 launch of MyGallons.com, a website that allows motorists to secure future purchases of gasoline at current prices, could have gone smoother for founder and CEO Steven Verona. U.S. Bancorp, a Minneapolis bank that Mr. Verona expected to ensure the credit of special MyGallons cards, pulled out unexpectedly. The […]

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Tax Not Popular With Marcellus Shale Gas Industry

Citizen’s Voice By Elizabeth Skrapits Gov. Tom Wolf’s proposed budget is a winner for the state Department of Environmental Protection and for economic development, but a tax on natural gas extraction included in the proposal is not popular with the Marcellus Shale gas industry. A major new source of revenue is a proposed severance tax […]

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Oil Price Crash a Blessing In Disguise for U.S. Shale

Financial Sense By Mark A. Hill Despite the doom & gloom, something new is happening in the oil industry. You need to prepare for the coming surge. One of the subtlest, most effective moves in sports is the head-fake. It’s a thing of beauty when done well. In the energy commodity business, it can be […]

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Gas industry’s pain ripples across Western Pennsylvania

Trib Live By Chris Fleisher Lunch crowds in the Hardwood Cafe used to be packed with dozens of workers from the natural gas industry. A lot of them were regulars. Lately, some familiar faces have disappeared. “I would say it was right after the holidays that a lot of them were not coming back,” said […]

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Wolf Budget Includes $100K for Marcellus Shale Health Registry

State Impact By Marie Cusick In his budget plan unveiled Tuesday, Governor Wolf proposed a $100,000 funding increase to the state Department of Health to create a registry to monitor people who live near natural gas drilling sites. After New York State banned fracking late last year, citing public health concerns, Wolf said he planned to […]

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Wolf says Pennsylvania severance tax ‘not a partisan idea’

Power Source By Laura Legere Gov. Tom Wolf proposed a tax on natural gas production in his budget Tuesday that would raise money for education and environmental protection programs, while maintaining funding for communities at roughly the same level they are expected to receive this year from the current Marcellus Shale impact fee. Mr. Wolf’s […]

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