While the prices of crude oil and natural gas continue to skyrocket, is the state of Louisiana benefiting from this price boom?
While the prices of crude oil and natural gas continue to skyrocket, is the state of Louisiana, a major American producer of these energy sources, benefiting from this price boom? If not, why? Louisiana Public Square explores the changing impact of the oil and gas industry on the state's economy in "Win or Lose: Louisiana and the High Cost of Energy." LPB President/CEO Beth Courtney and LSU Media Law Professor Craig Freeman are your hosts.
Our Oil and Gas Industry
For the entire 20th century, Louisiana yielded its vast oil and gas riches to risk-taking capitalists, hard-working rig crews and bright engineers and scientists who built the state's petroleum industry into an economic powerhouse. From Caddo Lake near the Arkansas border down to the coastal marshes - and beyond - virtually every parish in the state has been touched by the oil and gas enterprise. The numbers are staggering. Nearly 20,000 Louisiana oil wells pull up 228 thousand barrels of oil a day [one barrel of oil equals 42 gallons]. That makes the state the 4th biggest producer of crude oil in the US. Louisiana is number five in natural gas production. These figures are just for onshore wells and wells within Louisiana's coastal boundaries, which extend 3 miles out into the Gulf. Even more oil is pumped by rigs in federally-controlled waters known as the OCS - the Outer Continental Shelf.
We want to know your opinion! Leave your comments in the box below.Commenting is not available in this weblog entry.
What concerns are on citizens’ minds as they go to the polls this fall?
The presidential election may be getting all of the attention, but Louisiana residents will be making several important decisions at the ballot box in November. The U.S. Senate seat left up for grabs by retiring Sen. David Vitter has drawn a field of 24 candidates. Louisianians in the south- and northwest parts of the state will also be voting on congressmen. So, what national concerns are on citizens’ minds as they go to the polls this fall? What statewide issues should be on the mind of Louisiana’s next Congressional leaders? Louisiana Public Square looks for answers on “Election 2016” Wednesday, October 26 at 7p.m. (Taping Tuesday, October 25)
• Elizabeth Crisp / The Advocate
• Greg Hilburn / Gannett Newspapers
• Martin Johnson, Ph.D. / LSU Manship School of Mass Communication
• Albert Samuels, Ph.D. / Mandela School of Public Policy, Southern University
• Patricia Smith / Guest Moderator / College of Government and Social Sciences, Southern University
What challenges do our returning veterans face?
What lessons did residents and state officials learn from this historic event and what challenges remain?
How well is the state’s public school system really performing?
What difference has a decade made?
Who are the winners and losers in Louisiana’s budget battle?
Is the display of Civil War statues in public justified or do they belong only in museums?»»» View all Topics!