Correction: In our previous Enewsletter we incorrectly reported household earnings as $19.2 Million; however it should have been $19.2 Billion.
Wednesday, April 18, 2018
Why Industry Day Matters ?
Next Tuesday we will be in Baton Rouge for the Annual Industry Day at the Capitol. This is a day where we SHOW UP to demonstrate our support for Louisiana’s most important industry. You may ask yourself, why does it matter? Why should I go? I respond by asking you to imagine a Louisiana that says NO to oil and gas and what that would mean to you, your friends and your family who depend on these good paying jobs to feed their families and pay their mortgage.

A recent study indicates 1 out of every 7 people in our state work in the oil and gas industry. It provides over 260,000 jobs and $19.2 billion in household earnings. What if our State and elected officials said NO to oil and gas? Showing up on Tuesday, April 24 is a way of telling our local, state and federal officials that oil and gas jobs matter and that we matter. I hope to see you there!!

--GEST Director Lori LeBlanc
Click the Video to learn more about Industry Day
Report touts oil’s importance despite downturn
via The Daily Comet
Despite a downturn that has lasted almost four years, the oil and gas industry still serves as a major economic engine locally and statewide, an economist told local industry officials Tuesday.

Louisiana economist Loren Scott discussed his industry-funded energy study with the South Central Industrial Association during a luncheon at the Courtyard by Marriott in Houma.

Houma-Thibodaux has lost just over 16,000 jobs since an offshore oil bust began in mid-2014, Scott said. That’s about 16 percent of the area’s jobs.
Hope and Optimism for the Gulf
By Lori LeBlanc, LMOGA Offshore Committee Director for BIC Magazine
Like the “Little Engine that Could,” the Gulf of Mexico oil and gas industry is proving that hard work and optimism pay off, especially in the face of challenges.

While political debate wages over America’s opportunity to expand offshore oil and gas production and economic projections of minimal increases in global oil prices, Gulf offshore operators and support companies are quietly getting the job done with increased oil and gas production from existing wells and major discoveries that will fuel our nation for many years to come. This continued hope and optimism in America’s Gulf benefits thousands of workers along our Gulf Coast and every American who relies on oil and gas to power their homes, cars, and businesses.
The Quiet Rise In U.S. Offshore Oil Production
via Forbes
Unless you’ve been living in a cave for the past 10 years, I’m sure you’ve heard of the incredible boom in onshore U.S. shale production for crude oil. There’s an ongoing revolution out there friends, and it has transformed global energy markets in ways never thought possible.

What’s not so well known, however, is that our offshore crude production has also been steadily increasing in recent years. The sunken price environment since 2014 makes this progress even more impressive.
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In the Gulf of Mexico we are proud to produce the energy to fuel America, to generate the revenues for the U.S. treasury, and to create thousands of good paying American Jobs. We stand together to be
Gulf Proud. Energy Strong .  
Gulf Economic Survival Team | 985-448-4485 | gulfeconomicsurvival.org
View our most recent news at  gulfeconomicsurvival.org