GasBuddy Blog

GasBuddy News Article

votes

Could severance tax slow oil and gas boom?

Times Reporter -- The president of the Ohio Oil and Gas Association believes the state should do all it can to encourage development of the Utica shale play — not discourage it by increasing the severance tax on oil and gas production.

“If you want less of something, tax it,” said Jerry James, a Zanesville native who owns the Artex Oil Co. of Marietta. The company is one of the largest Ohio-based producers of oil and gas in the state.

He presented the industry’s case against a proposal by Gov. John Kasich to increase the severance tax to 4% to pay for a cut in the state’s income tax.

A severance tax is one that is imposed on the removal of nonrenewable resources, such as crude oil, condensate and natural gas, coalbed methane and carbon dioxide.

“The severance tax is an archaic tax,” said James, noting t

Read the Full Article

Submitted Aug 29, 2012 By: DellDude2

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Could severance tax slow oil and gas boom?	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Sep 3, 2012 7:12:22 AM Ignore honda0105 Report Abuse one way to use less?
IRV007 Champion Author Illinois Posts:9,960 Points:2,225,850 Joined:Dec 2006	Message Posted: Aug 30, 2012 8:28:13 PM Ignore IRV007 Report Abuse Sure they won't take the gas if there is a 4% tax. Can't make any $$$$ that way.
sparky808 Champion Author Honolulu Posts:2,981 Points:594,810 Joined:Sep 2011	Message Posted: Aug 30, 2012 12:21:00 PM Ignore sparky808 Report Abuse Thank you for posting.
bikerchicklette Champion Author Washington Posts:5,889 Points:1,296,245 Joined:Sep 2005	Message Posted: Aug 30, 2012 8:43:42 AM Ignore bikerchicklette Report Abuse ok
tomok Champion Author Portland Posts:32,917 Points:2,341,510 Joined:Aug 2006	Message Posted: Aug 30, 2012 2:43:33 AM Ignore tomok Report Abuse If there is a way to tax a business, the government will find a way. Now is not the time for more taxes, 'Coming out of the closet' Chuck's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Chuck spins those numbers and he can spin them very well! People will still drive and buy fuel no matter what but it sure helps to have a job too! NO NEW TAXES! Consumers will pay for any additional taxes imposed by the government. The only thing you can always be sure of is: Death and Taxes! Can it be Death before Taxes? Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! 12/22/2012!
matthwbar Champion Author Toledo Posts:4,043 Points:1,013,805 Joined:Jun 2007	Message Posted: Aug 29, 2012 11:40:02 PM Ignore matthwbar Report Abuse This isn't good...
RambleOn Champion Author New York Posts:2,374 Points:1,505,080 Joined:Aug 2008	Message Posted: Aug 29, 2012 11:29:22 PM Ignore RambleOn Report Abuse Lower taxes allows consumers to have more money. More money leads many to spend some of that extra money. More money flowing into the economy (from consumers) leads to more demand for production and or services. More production or services leads to more jobs. Our current "Let's-raise-taxes"-politicians continue to believe that solving each problem means throwing money at it. Thomas Jefferson was wise enough to WARN that "A government can not give you anything that it did not take from someone first." Raising taxes STRIPS people of their FREEDOM and is contrary to property rights, property ownership, and the pursuit of happiness. For everyone who wants to support socialism, move to a country that already has socialism and stop messing with America! We are America and WE approve this message.
kgbellman Champion Author Ann Arbor Posts:2,698 Points:728,915 Joined:Mar 2011	Message Posted: Aug 29, 2012 11:26:24 PM Ignore kgbellman Report Abuse A taxing we wil go
GigHarborHound Champion Author Tacoma Posts:2,517 Points:484,490 Joined:Sep 2011	Message Posted: Aug 29, 2012 11:25:53 PM Ignore GigHarborHound Report Abuse Maybe there should be a severance tax on politicians!!!
joeschmo12 Champion Author New York Posts:1,001 Points:302,465 Joined:Mar 2012	Message Posted: Aug 29, 2012 11:24:25 PM Ignore joeschmo12 Report Abuse do it
rawdog1313 Champion Author Lexington Posts:3,284 Points:1,639,880 Joined:May 2008	Message Posted: Aug 29, 2012 11:21:53 PM Ignore rawdog1313 Report Abuse OK.........
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Aug 29, 2012 11:17:47 PM Ignore tedjm1 Report Abuse If the benefit of the increase is not for raises, or other purely gov't use, do it. Spend the money for the citizenry.
Number43 Champion Author Lexington Posts:8,681 Points:1,635,245 Joined:Oct 2008	Message Posted: Aug 29, 2012 11:17:40 PM Ignore Number43 Report Abuse The government will tax it out of existence or bring in the EPA to regulate it out of existence. Obozo will do whatever it takes to stop oil production. HE DOES NOT WANT US TO DRIVE CARS.
Glock26 Champion Author Dayton Posts:1,514 Points:630,435 Joined:Mar 2011	Message Posted: Aug 29, 2012 11:17:15 PM Ignore Glock26 Report Abuse Tax, Tax, Tax, that's all Obama knows!!!
5kvdave All-Star Author Los Angeles Posts:688 Points:350,000 Joined:May 2011	Message Posted: Aug 29, 2012 11:17:13 PM Ignore 5kvdave Report Abuse WHATEVER!!!!!
Ray_10589 Champion Author New York Posts:4,926 Points:1,179,735 Joined:May 2009	Message Posted: Aug 29, 2012 11:14:24 PM Ignore Ray_10589 Report Abuse stop taxing so much ...
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Aug 29, 2012 11:13:58 PM Ignore pastorpaulcg Report Abuse Good point,if you want less of something,tax it
mpg611 Champion Author Cleveland Posts:2,316 Points:566,170 Joined:Apr 2011	Message Posted: Aug 29, 2012 11:13:53 PM Ignore mpg611 Report Abuse When Gary Johnson is elected President he will get rid of that tax.
ssect8 Champion Author Hartford Posts:7,973 Points:2,092,520 Joined:Jun 2006	Message Posted: Aug 29, 2012 11:13:36 PM Ignore ssect8 Report Abuse Another half baked idea from a bunch of stupid politicians.
jrschl Champion Author Louisville Posts:2,952 Points:677,840 Joined:Jun 2011	Message Posted: Aug 29, 2012 11:13:12 PM Ignore jrschl Report Abuse I suppose it could, but where there is a dollar to be made someone will do what it takes.
N5EXY Champion Author Austin Posts:5,475 Points:1,506,565 Joined:Jul 2004	Message Posted: Aug 29, 2012 11:12:11 PM Ignore N5EXY Report Abuse 69 days until the ejection. Ten weeks.
langolera Champion Author Akron Posts:1,746 Points:663,055 Joined:Sep 2005	Message Posted: Aug 29, 2012 11:12:02 PM Ignore langolera Report Abuse ok
Matt G Champion Author Boston Posts:4,518 Points:2,770,115 Joined:Jun 2004	Message Posted: Aug 29, 2012 11:11:53 PM Ignore Matt G Report Abuse Ok
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,105 Joined:Jun 2005	Message Posted: Aug 29, 2012 11:11:39 PM Ignore jkpsr Report Abuse They should tax it, even just to repair the roads destroyed by the industry.
Crumbfel Champion Author Virginia Posts:11,554 Points:2,160,585 Joined:Aug 2006	Message Posted: Aug 29, 2012 11:11:22 PM Ignore Crumbfel Report Abuse Okay!
crreed1 Champion Author West Virginia Posts:1,970 Points:2,523,410 Joined:May 2005	Message Posted: Aug 29, 2012 11:10:26 PM Ignore crreed1 Report Abuse BS
Hi1 Champion Author Ontario Posts:4,835 Points:1,720,610 Joined:Jun 2007	Message Posted: Aug 29, 2012 11:09:33 PM Ignore Hi1 Report Abuse We are tax enough as it is.
PrinceLH Champion Author Ontario Posts:2,677 Points:535,120 Joined:Jun 2011	Message Posted: Aug 29, 2012 11:08:34 PM Ignore PrinceLH Report Abuse Come on November!
pgerassi Champion Author Milwaukee Posts:10,881 Points:2,128,580 Joined:Apr 2007	Message Posted: Aug 29, 2012 11:08:21 PM Ignore pgerassi Report Abuse OK
SirLancelot1 Champion Author Kentucky Posts:1,298 Points:159,350 Joined:Aug 2011	Message Posted: Aug 29, 2012 11:07:58 PM Ignore SirLancelot1 Report Abuse Go Romney
heartbroken2010 Champion Author Ottawa Posts:4,324 Points:893,535 Joined:Aug 2010	Message Posted: Aug 29, 2012 11:07:30 PM Ignore heartbroken2010 Report Abuse any futher taxes hurt no matter what.
rollercoaster All-Star Author Hartford Posts:502 Points:567,660 Joined:Jul 2008	Message Posted: Aug 29, 2012 11:07:21 PM Ignore rollercoaster Report Abuse he's not my president i'll be glad when he's gone, amen !!!!!
Goofoff Champion Author Virginia Posts:11,882 Points:2,177,200 Joined:Aug 2006	Message Posted: Aug 29, 2012 11:05:45 PM Ignore Goofoff Report Abuse Read It!!
benjy Champion Author Chicago Posts:8,581 Points:1,784,770 Joined:Nov 2003	Message Posted: Aug 29, 2012 11:05:42 PM Ignore benjy Report Abuse any tax gets passed on to us....
judgemobile Champion Author Ohio Posts:7,555 Points:2,442,210 Joined:Nov 2005	Message Posted: Aug 29, 2012 11:05:41 PM Ignore judgemobile Report Abuse In 2012, vote for the AMERICAN.
RichWLIN Champion Author Indiana Posts:4,072 Points:634,865 Joined:Jun 2011	Message Posted: Aug 29, 2012 11:05:22 PM Ignore RichWLIN Report Abuse No.
granitestater Champion Author New Hampshire Posts:8,800 Points:1,426,750 Joined:Oct 2008	Message Posted: Aug 29, 2012 11:04:59 PM Ignore granitestater Report Abuse Where does it say oil is not "nonrenewable"?? [Edited by: granitestater at 8/30/2012 12:05:33 AM EST]
Yankee829 Champion Author Dallas Posts:2,186 Points:555,590 Joined:Sep 2010	Message Posted: Aug 29, 2012 11:04:17 PM Ignore Yankee829 Report Abuse ok
rahcat Champion Author Grand Rapids Posts:2,453 Points:659,275 Joined:Jan 2010	Message Posted: Aug 29, 2012 11:04:10 PM Ignore rahcat Report Abuse Tax, tax, tax........sick of taxes.
evac93rd Champion Author Atlanta Posts:36,210 Points:3,663,980 Joined:Feb 2003	Message Posted: Aug 29, 2012 11:03:41 PM Ignore evac93rd Report Abuse Let give all energy companies the same tax breaks as wind and solar and ethanol.
yakstar Champion Author Montreal Posts:2,405 Points:476,720 Joined:Jan 2012	Message Posted: Aug 29, 2012 11:03:31 PM Ignore yakstar Report Abuse whatever...
ggordo Champion Author Long Island Posts:1,655 Points:350,680 Joined:Apr 2012	Message Posted: Aug 29, 2012 11:03:24 PM Ignore ggordo Report Abuse no more taxes
Beau2140 Champion Author New York Posts:8,276 Points:1,653,160 Joined:Oct 2008	Message Posted: Aug 29, 2012 11:02:43 PM Ignore Beau2140 Report Abuse No more taxes.
unicornIL Veteran Author Chicago Posts:446 Points:382,695 Joined:Jan 2012	Message Posted: Aug 29, 2012 10:57:32 PM Ignore unicornIL Report Abuse no more taxes
wayoung56 Champion Author Alabama Posts:2,785 Points:815,310 Joined:Oct 2006	Message Posted: Aug 29, 2012 10:55:04 PM Ignore wayoung56 Report Abuse No new taxes!!!
PoohMcGoo Champion Author Alabama Posts:3,062 Points:797,360 Joined:Dec 2010	Message Posted: Aug 29, 2012 10:52:07 PM Ignore PoohMcGoo Report Abuse Tax bad
bvrbill Champion Author Eugene Posts:3,193 Points:514,850 Joined:Jul 2011	Message Posted: Aug 29, 2012 10:50:31 PM Ignore bvrbill Report Abuse In general, I'm not in favor of more taxation.
hunter86 Champion Author Kansas Posts:1,373 Points:560,785 Joined:Nov 2010	Message Posted: Aug 29, 2012 10:49:04 PM Ignore hunter86 Report Abuse Wasn't Zanesville the place where that guy let all the wild animals out & they got shot?
Road-Runner Champion Author Denver Posts:7,041 Points:1,904,090 Joined:May 2004	Message Posted: Aug 29, 2012 10:46:44 PM Ignore Road-Runner Report Abuse Modest severance tax increases probably wouldn't slow the boom; overly greedy politicians would, however.
NorthglennBill Champion Author Denver Posts:7,417 Points:1,469,370 Joined:Oct 2008	Message Posted: Aug 29, 2012 10:46:43 PM Ignore NorthglennBill Report Abuse In oil company owner saying that taxing oil isn't good. Imagine that!