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Started By
Message
How much of Louisiana's economy is dependent on O&G?
Posted on 1/21/16 at 9:00 am
Posted on 1/21/16 at 9:00 am
pretty heavily dependent, no?
let's say...at least 50%?
let's say...at least 50%?
15
Posted on 1/21/16 at 9:00 am to The Egg
No. Probably about 15%
Posted on 1/21/16 at 9:01 am to The Egg
south louisiana closer to 70%
north louisiana maybe 20%
north louisiana maybe 20%
Posted on 1/21/16 at 9:01 am to The Egg
It would be Mississippi without it.
Posted on 1/21/16 at 9:01 am to The Egg
Posted on 1/21/16 at 9:01 am to The Egg
I would say its well over 50%... the revenues and jobs from O&G trickles through all parts of the States economy
Posted on 1/21/16 at 9:02 am to SabiDojo
quote:
It would be Mississippi without it.
This!!!!
Posted on 1/21/16 at 9:03 am to The Egg
Houma 100%
Louisiana as a whole 60%
New Orleans 30%
Louisiana as a whole 60%
New Orleans 30%
Posted on 1/21/16 at 9:04 am to Placebeaux
quote:
Houma 100% Louisiana as a whole 60% New Orleans 30%
lol@someofyou
Posted on 1/21/16 at 9:04 am to The Egg
Someone break down for us how much of the states budget depends on it? I know I read they do assumptions for future budgeting based on oil being X number of dollars
Posted on 1/21/16 at 9:04 am to The Egg
$1.49/gal is on fleek
Posted on 1/21/16 at 9:05 am to RummelTiger
quote:
lol@someofyo
explain
Posted on 1/21/16 at 9:06 am to Placebeaux
He's frickin laughin at us baw
Posted on 1/21/16 at 9:07 am to The Egg
Not Lafayette's economy in general, but I believe the number was 27% of their population is employed in the O & G market.
Posted on 1/21/16 at 9:08 am to notiger1997
Posted on 1/21/16 at 9:09 am to BRgetthenet
Well O&G revenue is like 15% of the state budget but of the remaining 85% how much of it depends on money and jobs created by the O&G?
Posted on 1/21/16 at 9:10 am to Tiger Hoods
I don't think its as bad as everyone is making it out to be. I haven't seen any Ford Truck dealerships close yet, sure the pre-owned lots have increased their F-250 inventory. However, they are still selling new ones, demand is steady. So based off of my in depth knowledge of the Laffer Curve we are totally "ok" with regards to the O&G in the Louisiana economy.
Posted on 1/21/16 at 9:10 am to BRgetthenet
It's used to be probably over 50% but everyone moved to Houston
Posted on 1/21/16 at 9:11 am to RummelTiger
quote:
lol@someofyou
I know. The number is around 15%. Louisiana since the 80s has worked hard to diversify itself, but there's still work to do because there's a ripple effect to a down O&G sector.
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