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Message
re: Louisiana Coastal Erosion.
Posted on 5/30/14 at 8:50 am to NOFLyZ0ne28
Posted on 5/30/14 at 8:50 am to NOFLyZ0ne28
I just want La to start getting their fair share of offshore oil and has royalties NOW.
Posted on 5/30/14 at 9:09 am to notiger1997
quote:
I just want La to start getting their fair share of offshore oil and has royalties NOW.
This will ultimately have zero impact on Louisiana. Louisiana gets around $5 to $10 billion in extra funding a year from the Feds but the O&G revenues will only bring the state $3 or $4 billion.
I'm sure the Feds will simply send less money to the state, so it'll offset. It's good from a long-term security standpoint because then you don't have to worry about it being taken away.
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