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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


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Submitted Aug 29, 2012 By: DellDude2
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REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Sep 3, 2012 8:12:22 AM

one way to use less?
IRV007
Champion Author Illinois

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Message Posted: Aug 30, 2012 9:28:13 PM


Sure they won't take the gas if there is a 4% tax. Can't make any $$$$ that way.
sparky808
Champion Author Honolulu

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Message Posted: Aug 30, 2012 1:21:00 PM

Thank you for posting.
bikerchicklette
Champion Author Washington

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Message Posted: Aug 30, 2012 9:43:42 AM

ok
tomok
Champion Author Portland

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Message Posted: Aug 30, 2012 3:43:33 AM

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

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Message Posted: Aug 30, 2012 12:40:02 AM

This isn't good...
RambleOn
Champion Author New York

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Message Posted: Aug 30, 2012 12:29:22 AM

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

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Message Posted: Aug 30, 2012 12:26:24 AM

A taxing we wil go
GigHarborHound
Champion Author Tacoma

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Message Posted: Aug 30, 2012 12:25:53 AM

Maybe there should be a severance tax on politicians!!!
joeschmo12
Champion Author New York

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Message Posted: Aug 30, 2012 12:24:25 AM

do it
rawdog1313
Champion Author Lexington

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Message Posted: Aug 30, 2012 12:21:53 AM

OK.........
tedjm1
Champion Author New York

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Message Posted: Aug 30, 2012 12:17:47 AM

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

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Message Posted: Aug 30, 2012 12:17:40 AM

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

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Message Posted: Aug 30, 2012 12:17:15 AM

Tax, Tax, Tax, that's all Obama knows!!!
5kvdave
All-Star Author Los Angeles

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Message Posted: Aug 30, 2012 12:17:13 AM

WHATEVER!!!!!
Ray_10589
Champion Author New York

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Message Posted: Aug 30, 2012 12:14:24 AM

stop taxing so much ...
pastorpaulcg
Champion Author Virginia

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Message Posted: Aug 30, 2012 12:13:58 AM

Good point,if you want less of something,tax it
mpg611
Champion Author Cleveland

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Message Posted: Aug 30, 2012 12:13:53 AM

When Gary Johnson is elected President he will get rid of that tax.
ssect8
Champion Author Hartford

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Message Posted: Aug 30, 2012 12:13:36 AM

Another half baked idea from a bunch of stupid politicians.
jrschl
Champion Author Louisville

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Message Posted: Aug 30, 2012 12:13:12 AM

I suppose it could, but where there is a dollar to be made someone will do what it takes.
N5EXY
Champion Author Austin

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Message Posted: Aug 30, 2012 12:12:11 AM

69 days until the ejection. Ten weeks.
langolera
Champion Author Akron

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Message Posted: Aug 30, 2012 12:12:02 AM

ok
Matt G
Champion Author Boston

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Message Posted: Aug 30, 2012 12:11:53 AM

Ok
jkpsr
Champion Author New Jersey

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Message Posted: Aug 30, 2012 12:11:39 AM

They should tax it, even just to repair the roads destroyed by the industry.
Crumbfel
Champion Author Virginia

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Message Posted: Aug 30, 2012 12:11:22 AM

Okay!
crreed1
Champion Author West Virginia

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Message Posted: Aug 30, 2012 12:10:26 AM

BS
Hi1
Champion Author Ontario

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Message Posted: Aug 30, 2012 12:09:33 AM

We are tax enough as it is.
PrinceLH
Champion Author Ontario

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Message Posted: Aug 30, 2012 12:08:34 AM

Come on November!
pgerassi
Champion Author Milwaukee

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Message Posted: Aug 30, 2012 12:08:21 AM

OK
SirLancelot1
Champion Author Kentucky

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Message Posted: Aug 30, 2012 12:07:58 AM

Go Romney
heartbroken2010
Champion Author Ottawa

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Message Posted: Aug 30, 2012 12:07:30 AM

any futher taxes hurt no matter what.
rollercoaster
All-Star Author Hartford

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Message Posted: Aug 30, 2012 12:07:21 AM

he's not my president i'll be glad when he's gone, amen !!!!!
Goofoff
Champion Author Virginia

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Message Posted: Aug 30, 2012 12:05:45 AM

Read It!!
benjy
Champion Author Chicago

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Message Posted: Aug 30, 2012 12:05:42 AM

any tax gets passed on to us....
judgemobile
Champion Author Ohio

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Message Posted: Aug 30, 2012 12:05:41 AM

In 2012, vote for the AMERICAN.
RichWLIN
Champion Author Indiana

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Message Posted: Aug 30, 2012 12:05:22 AM

No.
granitestater
Champion Author New Hampshire

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Message Posted: Aug 30, 2012 12:04:59 AM

Where does it say oil is not "nonrenewable"??

[Edited by: granitestater at 8/30/2012 12:05:33 AM EST]
Yankee829
Champion Author Dallas

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Message Posted: Aug 30, 2012 12:04:17 AM

ok
rahcat
Champion Author Grand Rapids

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Message Posted: Aug 30, 2012 12:04:10 AM

Tax, tax, tax........sick of taxes.
evac93rd
Champion Author Atlanta

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Message Posted: Aug 30, 2012 12:03:41 AM

Let give all energy companies the same tax breaks as wind and solar and ethanol.
yakstar
Champion Author Montreal

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Message Posted: Aug 30, 2012 12:03:31 AM

whatever...
ggordo
Champion Author Long Island

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Message Posted: Aug 30, 2012 12:03:24 AM

no more taxes
Beau2140
Champion Author New York

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Message Posted: Aug 30, 2012 12:02:43 AM

No more taxes.
unicornIL
All-Star Author Chicago

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Message Posted: Aug 29, 2012 11:57:32 PM

no more taxes
wayoung56
Champion Author Alabama

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Message Posted: Aug 29, 2012 11:55:04 PM

No new taxes!!!
PoohMcGoo
Champion Author Alabama

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Message Posted: Aug 29, 2012 11:52:07 PM

Tax bad
bvrbill
Champion Author Eugene

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Message Posted: Aug 29, 2012 11:50:31 PM

In general, I'm not in favor of more taxation.
hunter86
Champion Author Kansas

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Message Posted: Aug 29, 2012 11:49:04 PM

Wasn't Zanesville the place where that guy let all the wild animals out & they got shot?
Road-Runner
Champion Author Denver

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Message Posted: Aug 29, 2012 11:46:44 PM

Modest severance tax increases probably wouldn't slow the boom; overly greedy politicians would, however.
NorthglennBill
Champion Author Denver

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Message Posted: Aug 29, 2012 11:46:43 PM

In oil company owner saying that taxing oil isn't good. Imagine that!
kikitm
Rookie Author Milwaukee

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Points:160,540
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Message Posted: Aug 29, 2012 11:45:24 PM

Let's wait and see
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