|Posted on 9/14/2017 3:15:00 AM.|
The Oil and Gas Industry is helping with recovery efforts in Texas in the wake of Hurricane Harvey. President of the Louisiana Mid-Continent Oil and Gas Association Chris John says when Harvey hit, it knocked about 12-percent of the refining capacity for this nation offline. He says when times are tough, the oil and gas sector steps up to the plate.
|oil and gas, Louisiana Mid-Continent Oil and Gas Association, Chris John, Hurricane Harvey|
|Posted on 5/24/2017 3:03:00 PM.|
Vice President Mike Pence echoed many of President Donald Trump’s campaign promises when he told a crowd in Port Allen the administration will make America prosperous again. He says the president’s leadership is already making a remarkable difference in the economy. He says businesses are responding to the president’s call to buy American and hire American.
|Mike Pence, Donald Trump, oil and gas, ACA, economy|
|Posted on 5/9/2017 2:03:00 AM.|
Louisiana is one of just two states to see a decline in median wages between 2013 and 2016, according to Governing magazine’s analysis of federal data. LSU economist Dr. Loren Scott says that’s not surprising because the Bayou State has been in a recession since August of 2015.
|Loren Scott, Governing magazine, median wages, oil and gas|
|Posted on 3/29/2017 11:20:00 AM.|
Mining and logging jobs in Louisiana, which includes the oil and gas sector, saw over the month gains for the first time since October 2014. That’s according to the Louisiana Workforce Commission who says employment in this employment sector rose by 200 from January to February. LSU economist Dr. Loren Scott says the primary reason for this is the slowdown of job loss in the Houma and Lafayette areas.
|Loren Scott, oil and gas, employment, jobs|
|Posted on 3/9/2017 12:20:00 AM.|
There’s a renewed sense of optimism for the oil industry, according to the Louisiana Oil and Gas Association, who host their annual summit today in Lake Charles. LOGA Vice President Gifford Briggs says higher oil prices aren’t the only thing contributing to their uplifted spirits.
|Gifford Briggs, LOGA, oil and gas, oil prices, |
|Posted on 12/29/2016 4:04:00 AM.|
Louisiana’s economy isn’t expected to change much in 2017. LSU economist Dr. Loren Scott says some areas will continue to do better than others. Scott says Baton Rouge and Lake Charles have a number of industrial projects that will get underway next year, but oil-dependent areas won’t be so lucky.
|Loren Scott, economy, oil and gas, job growth|
|Posted on 12/1/2016 4:42:00 AM.|
OPEC members have agreed to slow crude oil production by 1.2 million barrels a day starting next year. The announcement led to an 8% increase in oil prices as they were trading at around $50 a barrel. Director of LSU’s Center for Energy Studies, David Dismukes, says it’s a nice sign for Louisiana’s oil industry, which is lagging because of low oil prices.
|David Dismukes, OPEC, oil and gas|
|Posted on 10/19/2016 1:00:00 AM.|
A state legislative committee meets this morning to discuss on lawsuits against oil and gas companies by five coastal parishes, claiming these companies polluted and destroyed their land. House Natural Resources Chairman Stuart Bishop of Lafayette says there has been a lot of talk about these lawsuits and he wanted to have a public discussion.
|House Natural Resource Committee, Stuart Bishop, coastal parishes, oil and gas|
|Posted on 6/19/2016 10:22:00 AM.|
The head of the Louisiana Oil and Gas Association says there are some encouraging signs for the struggling industry. LOGA President Don Briggs says one positive sign is that oil prices are near $50 a barrel, after falling to $26 in February.
“That’s darn near 100% increase in prices so any increase right now makes our producers a lot happier,” Briggs said.
|Don Briggs, LOGA, oil and gas|
|Posted on 2/8/2016 12:53:00 PM.|
Michelle Southern reporting.
Louisiana's economy is just one out of those in seven states in the nation that did not end 2015 on a strong note, according to the Federal Reserve Bank of Philadelphia. The index shows our economy contracting during the last three months of the year.
|louisiana, economy, loren scott, Philadelphia Fed index, oil and gas, saudi arabia|
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