71°
Baton Rouge, Louisiana
3 Day Outlook
Tue
83°
62°
10%
Wed
83°
66°
10%
Thu
85°
68°
40%

Latest Weather Blog

Follow our weather team on social media

Louisiana still heavily dependent on energy

5 years ago Wednesday, February 03, 2010 9:22:08 AM CST February 03, 2010 Wednesday, February 03 2010 Feb 3, 2010 in News
Source: Associated press

A new study says that despite decades of attempts at economic diversification, Louisiana is still heavily dependent on petroleum revenue.

The report by the Federal Reserve Bank of Kansas City also suggests that Louisiana and other energy states will lag behind a national economic recovery because of low prices for natural gas.
That would represent a reversal of a historic trend that sees energy states leave a recession first.

According to the study, Louisiana was nearly as dependent on oil and gas activity in 2008 as in 1982. Oil and gas accounted for 8.6 percent of the state's revenue in 1982. In 2008, oil and gas made
up 6.5 percent of state revenue.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
71°
60°
Tue
Partly Cloudy
83°
62°
Wed
Mostly Cloudy
83°
66°
Thu
AM T-Storms
85°
68°
Fri
PM T-Storms
88°
62°