Robert Magyar

Tom Corbett became the only GOP incumbent governor not re-elected for a second term in the recent 2014 mid-term elections. Backed by the powerful oil and gas industry, it appears this overwhelming industry support may have cost Corbett a second term.

…the University of Texas released an updated study on the Texas’ Barnett shale formation which confirmed the Barnett’s overall shale gas production has now declined by more than 20 percent since 2011. The study also confirmed of the 16,000 Barnett wells drilled to date about 12,000 of them are now classified as depleted.

Despite the positive job gains related to Marcellus shale gas drilling industry, current job gains in Pennsylvania continue to slow according to Dr. Mark Price, a labor economist with the Harrisburg based non-profit policy research group, The Keystone Research Center.