02/15 - Dollars per Barrel: Oil Prices & Louisiana | Louisiana Public Square | LPB
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Video Playlist:

Play Button  Full Program - Full Program
Play Button  Extra - Tough Decisions - Rep. Brett Geymann, R-Lake Charles, sits on the Appropriations Committee. He describes some things on the table to close the state budget gap.
Play Button  Extra - Like Sisters - Louisiana Chemical Association president Dan Borne’ explains the complementary relationship between the oil and gas industries in the state.
Play Button  Extra - A Good Ratio - Dan Borne’, Louisiana Chemical Association president, describes the oil/natural gas price ratio that keeps the state competitive.
Play Button  Extra - Predicting Revenues - Louisiana Chemical Association president Dan Borne’ touches on the current caution of investors.
Play Button  Extra - Oil and Gas and the Economy - Economist Loren Scott, Ph.D., describes how big a part the oil industry plays in Louisiana’s economy.
Play Button  Extra - Oil and Gas and the Budget - Economist Loren Scott, Ph.D. explains the impact that the oil industry has on the state’s budget.
Play Button  Extra - Dropping Natural Gas Prices - Economist Loren Scott, Ph.D. says dropping natural gas prices has been good for the state’s chemical industry.
Play Button  Extra - The Saudis’ Strategy - Economist Loren Scott, Ph.D. describes what he sees as the Saudis reason for dropping the price of oil.
Play Button  Extra - The Eighties - Economist Loren Scott, Ph.D. explains what happened to the economy the last time oil prices took a plunge.
Play Button  Extra - Fixes Floated Out There - Steve Spires, policy analyst with the Louisiana Budget Project brings up some solutions his organization supports to balance the budget.

02/15 - Dollars per Barrel: Oil Prices & Louisiana

Who are the winners and losers in Louisiana from the drop in prices?

Crude oil prices have dropped from close to $110 per barrel last summer to around $50 per barrel in January. What is the reason for the reduction in oil prices? How big a role does oil play in the state’s economy? Who are the winners and losers in Louisiana when oil prices drop? And how will the decrease in oil and gas revenues affect the state’s budget? Louisiana Public Square looks for answers on ”Dollars per Barrel: Oil Prices & Louisiana” airing February 25 at 7 p.m. on LPB HD.

Backgrounder

"Louisiana is an unusual state in many respects. Because of its relatively low concentration of employment in the durable goods industry (4.6% employment versus 6.4% nationally) Louisiana tends to (1) get hammered less by national recessions than other states and (2) respond less vigorously to national recoveries than its sister states. The state is often further buttressed from the harm of a national downturn by its huge energy sector."

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Then maybe it’s time people switch to other form of energy source. I hope people will realize that not all things depends on crude oil.

Posted by Abbays Reloso  on  03/15  at  10:29 AM
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