Environmental Economics

“In March, Kasich proposed taxing crude oil and natural-gas liquids from “ fracked” wells at 1.5 percent of gross receipts, eventually increasing to 4 percent, and dry gas at 1 percent.”
According to the EIA it is all dry gas.
http://www.eia.gov/dnav/ng/ng_sum_lsum_dcu_SOH_a.htm
Taxing dry wells at lower rate then fracked wells seems like cronyism to me.
Also when you are the 3rd largest manufacturer in the county and you have a four fold increase in natural gas used for electricity it might not be such a good idea to target taxes at new production.
The fact that you are importing 10 times more then you are consuming makes the outlook even bleaker.
Then again who knows, maybe the EIA numbers are fraked.

meant to meant to say “producing”.