re: People the grew up during the Louisiana Oil Boom in the 1970/1980s, what was that like?

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Y'all realize the 2014 oil crash was exactly as bad as 80s. Same exact price inflation adjusted, same exact fall price inflation adjusted.

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You can't just look at the price of oil, you have to look at the production. You can go on SONRIS and look at historical production. If you look at the 80's, the volume of oil & gas being produced onshore, where Louisiana residents are paid royalties, was at incredibly high levels. Anyone that had land in certain areas (like the Tuscaloosa) were getting paid handsome royalties. Now production is mostly offshore, so there's no individual royalty owner getting rich.