The specific findings of this study are summarized in Exhibit ES-1 and discussed below:
• In 2019, the oil and gas industry in Louisiana contributed $73.0 billion to state GDP from
the production, processing, transportation, distribution and retailing of crude oil, natural
gas, natural gas liquids and petroleum products. The state income generated by this
activity within the state represents approximately 26% of total state GDP. These values
include direct, indirect, and induced impacts.
I don’t think anyone who could help cares even the tiniest bit. And those who do care will see no relation between oil extraction and crawfish. Why those two things couldn’t be more different I’m sure.
The wild thing is that Louisiana, compared to other oil-producing states, has incredibly low excise taxes. They are getting absolutely fucked ten ways to Sunday and will scream at you if you suggest oil companies should pay more. The jug-hooters truly think the oil companies will move the oil wells elsewhere if they had to pay more.
300million yearly to the state economy eh?
Source: https://www.lmoga.com/assets/uploads/documents/LMOGA-ICF-Louisiana-Economic-Impact-Report-10.2020.pdf
I don’t think anyone who could help cares even the tiniest bit. And those who do care will see no relation between oil extraction and crawfish. Why those two things couldn’t be more different I’m sure.
The wild thing is that Louisiana, compared to other oil-producing states, has incredibly low excise taxes. They are getting absolutely fucked ten ways to Sunday and will scream at you if you suggest oil companies should pay more. The jug-hooters truly think the oil companies will move the oil wells elsewhere if they had to pay more.