December 26, 2012: link to AP News for an update on the Marcellus -- turned out to be huge.
In March, Shell Oil Co. said a site about 30 miles north of Pittsburgh was its first choice to build a huge new petrochemical plant, which would turn natural gas liquids into consumer products such as plastics and antifreeze.
Though Shell said it's still a few years away from a final decision to build, the project was sweetened by a huge package of state tax incentives. Corbett, legislators from both parties, and some union leaders supported credits of $66 million a year, which could total about $1.7 billion if the project is built. That would be Pennsylvania's largest financial incentive package ever.More and more, opponents of fracking appear to be crackpots on the fringe.
Anyway, here's a SeekingAlpha.com story suggesting that with regard to the Marcellus: we haven't seen anything yet. Wow.
Read the story at the link, and then guestimate how many folks are employed putting in pipelines in Pennsylvania and how many direct and indirect jobs are being generated because of fracking. I have no idea, but this is truly a tectonic shift in the global energy story. If I ever get caught up, it would be "fun" to talk about that, but RBN Energy does a much better job than I ever could, so perhaps I will just let others have all the fun.
And, so, with that, this will be the "home page" for the Marcellus that will be linked at the sidebar at the right.