Oil Companies Pulling Out As Tax Debate Rages On

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Four large drilling companies are selling off thousands of acres in Eastern Ohio.(Photo: Flickr)
Four large drilling companies are selling off thousands of acres in Eastern Ohio.(Photo: Flickr)

Recent news reports indicate the oil trapped in underground shale beneath Ohio may not be as easy to get out as many had hoped, and that’s why four big drilling companies are now selling off thousands of acres of Eastern Ohio land they’d bought.

But that’s not changing the minds of activists on both sides of a related issue: whether to hike Ohio’s taxes on oil and gas companies using the drilling technique known as “fracking.”

Click the play button above to hear a full report from Bill Cohen.

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