Remember that $2 billion tax package Pennsylvania used to convince Royal Dutch Shell to build that coveted ethylene cracker plant in the state?
Well, it may have been all for naught.
That is, according to an article in Monday's Wall Street Journal titled, "Pennsylvania's Hope Fades for Shell Ethylene Plant."
You may not know this, but West Virginia officials once tried to get Shell to build that plant in this state. (Yes, that was an understatement.)
With coal in decline, the state is banking on growth in natural gas and all its related industries to kick off a manufacturing revival in the state.
Cracker plants, in unscientific terms, are the first step in the process that turns natural gas into money (or things that can be sold for money).
Even when Shell decided to build in Pennsylvania, Gov. Earl Ray Tomblin and Commerce Secretary Keith Burdette said the state should still get the benefit of all the other jobs that come from the development in the region.
Meanwhile, they are still lobbying other companies in an attempt to lure them to locate their cracker to West Virginia. Because, after all, it's not like there can only be one.
Unfortunately, it appears a growing number of Wall Street analysts disagree.
In fact, they seem to think one is one too many.