Transcription of Forge the Future
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Forge the Future
Forge the Future : Pennsylvania's Path to an Advanced, Energy-Enabled Economy THE PURPOSE OF THIS DOCUMENT. Pennsylvania sits atop one of the largest gas and natural gas liquids (NGLs) basins in the world. This energy resource has significant potential to propel the Commonwealth's economic growth, but this potential is still mostly untapped. Over the past several years, the upstream oil & gas industry has worked to develop the resource, and has created measurably strong job growth for Pennsylvanians. But there is limited demand within Pennsylvania for the energy it produces, which in turn limits the extent to which Pennsylvanians can benefit from their resource. Meanwhile, other jurisdictions are seeing their own energy booms in parallel. The Permian basin in the southwest, for example, is growing rapidly and produces low-cost gas that will compete with Pennsylvania's.
EXECUTIVE SUMMARY Pennsylvania has a world-class energy resource that could propel the ommonwealth’s economy. However, only a fraction of its potential has been
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