According to a poll of registered Ohio voters, 76% of voters from the state believe increasing state severance taxes on the oil and natural gas industry could harm the state’s economy and drive away energy development. 77% believe increasing severance taxes could hurt consumers of gasoline and home heating fuels.
‘Ohio voters understand that increased taxes on energy development could have a direct negative impact on them,’ said Ohio Petroleum Council Executive Director Chris Zeigler. ‘This survey tells us Ohioans are leery of anything that hinders the promise of high paying jobs and a better quality of life associated with shale energy development. Ohioans worry that any tax increase could lead to higher costs.
‘The governor and legislature have done an excellent job in providing the industry with a strong regulatory framework that encourages environmentally responsible development and bolsters citizens’ confidence,’ said Zeigler. ‘We urge them to combine these smart regulatory advances with sound fiscal policies.’
Poll detailsThe telephone poll of 605 registered Ohio voters fond that 69% agree that increasing the severance tax could eliminate jobs in the oil and gas industry and other economic sectors. 68% of registered voters surveyed also believe an increased severance tax could slow oil and natural gas development.
Adapted from press release by Claira Lloyd.
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