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Started By
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re: How much of Louisiana's economy is dependent on O&G?
Posted on 1/21/16 at 9:11 am to Placebeaux
Posted on 1/21/16 at 9:11 am to Placebeaux
quote:Not anymore.
Well O&G revenue is like 15% of the state budget
0
Posted on 1/21/16 at 9:14 am to The Egg
(no message)
This post was edited on 3/8/21 at 12:38 pm
Posted on 1/21/16 at 9:14 am to The Egg
Posted on 1/21/16 at 9:16 am to GeorgeReymond
Nice Chart, Alaska is fricked.
I bet Louisiana economy breaks down like so:
O&G 9%
Tourism 25%
LSU Football 50%
Movies 25%
Duck Dynasty 10% (the only thing north Louisiana brings to the table)
I bet Louisiana economy breaks down like so:
O&G 9%
Tourism 25%
LSU Football 50%
Movies 25%
Duck Dynasty 10% (the only thing north Louisiana brings to the table)
Posted on 1/21/16 at 9:17 am to graychef
quote:
Job multiplier is 4.4 - for every job created in O&G, 3.4 additional jobs are created in other sectors of the state.
That is a telling statistic. We depend heavily on O&G even if it is only 10-15% of the overall economy.
Posted on 1/21/16 at 9:18 am to Emteein
Posted on 1/21/16 at 9:19 am to The Egg
all of it
Posted on 1/21/16 at 9:20 am to RummelTiger
quote:
quote:
--------------------------------------------------------------------------------
Houma 100% Louisiana as a whole 60% New Orleans 30%
--------------------------------------------------------------------------------
lol@someofyou
Houma is obviously not 100%. I mean, if that's the case, no doctor, store owner, etc. makes a dime. But, I would say 80% of Houma's economy in it's current form exists because of oil. Before that it was Sugar Cane and Seafood. And it was a MUCH smaller town.
Posted on 1/21/16 at 9:22 am to stevengtiger
That's what people forget. Many service industry jobs rely on O&G
Posted on 1/21/16 at 9:23 am to GeorgeReymond
quote:yeah i think people are only counting on jobs directly tied to O&G, there are many services indirectly tied to the industry that are or will be severely affected.
That's what people forget. Many service industry jobs rely on O&G
Posted on 1/21/16 at 9:26 am to MapGuy
quote:I'll agree with that
south louisiana closer to 70%
north louisiana maybe 20%
Posted on 1/21/16 at 9:27 am to The Egg
quote:
there are many services indirectly tied to the industry that are or will be severely affected.
I would love to see the Travel and Expense costs paid on entertainment, travel, customer trips, etc. that O&G companies spend in LA every year. I would think it would be an amazing number.
Posted on 1/21/16 at 9:31 am to Hammertime
Curious how many posting in this thread were working for a living in south louisiana during the 1980's
Posted on 1/21/16 at 9:32 am to ell_13
quote:
No. Probably about 15%
So you wouldn't consider the refineries part of the economy?
Posted on 1/21/16 at 9:33 am to Kajungee
quote:
Curious how many posting in this thread were working for a living in south louisiana during the 1980's
<==== this guy
Posted on 1/21/16 at 9:34 am to Kajungee
I definitely remember growing up in the 80's oil crash. My dad told me stories of people just mailing the keys to their house to the bank. The company my family owned went from 400 employees to 70 in a matter of two years. But just think of all those poor girls at twin peaks that will be unemployed due to the cuts in O&G expense accounts
Posted on 1/21/16 at 9:37 am to bdevill
Almost every company I know around here is having to go through budget cuts in one form or another. Only company I know that isn't is my parent's company, and that's because they only deal with the wealthy and very wealthy
Posted on 1/21/16 at 9:40 am to The Egg
I would say Lafayette and surrounding parished it's about 60/40 in favor or O&G. Lafyatte has a lot of healthcare, but overall its majority petroleum.
Posted on 1/21/16 at 9:41 am to The Egg
quote:
let's say...at least 50%?
That's waaaay high.
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