WV Considers ‘Future Fund’ to Stash Away Oil & Gas Revenue
A USA Today article from yesterday takes a new swipe at the theme “Alaska and other states tax oil and gas and create a rainy day fund, so West Virginia, Pennsylvania and other states should do it too.” Should they? Pro-drillers will have differing opinions. What is interesting to MDN about the story, aside from the list of states that currently tax oil and gas (and what they do with it), is what West Virginia is considering, and the “let’s face reality, fracking is here to stay” comments attributed to a liberal group in the state.
The bits from the article relevant to the Marcellus and Utica Shale: