posted on Nov, 12 2012 @ 03:06 PM
To ALL the naysayers who say Louisiana can not hold there own, let see what assets the state has that can bring the country or part of the country to
Our ports which INCLUDES the largest port bulk cargo port in the world:
Look at those Louisiana ports on that!
And that is just with our oil production and not agriculture. You can also factor in ship manufacturing and it would be a total bummer when a tax is
placed on all shipping traffic going up the Mississippi
THE BASICS - Population: 4.4 million, 24th among the 50 states. - Civilian labor force: 2.1 million, 24th among states. - State gross domestic
product last year: $222.2 billion, 23rd in the U.S. - In August, about 53,000 Louisiana residents were directly employed in oil-and-gas production
and extraction, earning an average wage of more than $24 an hour, according to the state Workforce Commission.
HOW MUCH OIL? - Excluding federal offshore areas, Louisiana has known reserves of 458 million barrels of oil, 2.1 percent of the nation’s total,
and 10 billion cubic feet of natural gas, 4.2 percent of the U.S. total. - Crude-oil production and imports that are not sent to other states are
processed at Louisiana’s 19 refineries, clustered mostly along the lower Mississippi River and in the Lake Charles area. With a refining capacity of
nearly 3 million barrels per day, Louisiana produces more petroleum products than any state but Texas. Louisiana is home to about 18 percent of the
nation’s refining capacity. - About three-fourths of Louisiana’s refined petroleum products are sent to other states for consumption. The
Plantation Pipeline, originating near Baton Rouge, supplies much of the South with gasoline. Petroleum products not shipped to other states primarily
feed Louisiana’s industrial sector, which includes one of the largest petrochemical industries in the country. As a result, Louisiana’s per-capita
consumption of petroleum products is third-highest in the U.S., behind only Alaska and Wyoming. - Louisiana’s onshore production increased until
about 1970, when it peaked at more than 1.35 million barrels per day. Output quickly declined and has fallen to a little more than one-tenth of its
NATIONAL SIGNIFICANCE - Two of the U.S. Strategic Petroleum Reserve’s four storage facilities are in Louisiana. - The Henry Hub is the largest
centralized point for natural gas spot and futures trading in the U.S., providing access via pipelines to major markets throughout the country. - The
liquefied-natural-gas import terminal at Lake Charles is the largest of five existing LNG import sites in the U.S.
BLACK GOLD - Six coastal states will share nearly half a billion dollars from federal offshore oil-and-gas revenue in fiscal 2009 and 2010 to help
restore and protect coastal wetlands, wildlife habitat and marine areas. Louisiana expects to receive $121 million each year, more than any other
state, according to federal data. - During the past fiscal year, oil-and-gas revenue — severance taxes, royalties and bonuses — reached to an
all-time high at $1.94 billion for Louisiana, about 16 percent of state government’s income, according to the Department of Natural Resources. This
year, it’s expected to reach $1.68 billion, or 15 percent of state income. - State government gains or loses about $11.2 million for every
$1-per-barrel change in oil prices.
GOING DEEPER - The Gulf accounts for about 25 percent of domestic oil production and 15 percent of natural-gas output. - In 2008, 57 percent of all
Gulf leases were in water depths greater than 1,000 feet. The 141 producing deepwater projects represented an 8 percent increase compared to a year
earlier, the U.S. Minerals Management Service reported in May. Many companies are moving into 5,000-foot depths or more, areas the agency classifies
- BP’s Thunder Horse platform, in about 6,000 feet of water, is the Gulf’s biggest current producer at about 260,000 barrels of oil a day, the
Minerals Management Service report says. - Shell Oil claims the record for the deepest Gulf well, Perdido, which works a depth of 9,356 feet about
200 miles south of Houston. Production is scheduled to begin in early 2010. It originally leased the tract in 1996. - In September, BP announced a
massive new find in the Gulf that local officials said could keep business busy in the Houma-Thibodaux area and create new jobs. The new Tiber well is
expected to produce 4 billion to 6 billion barrels of oil and gas, enough to power the U.S. for a year, according to BP. The company hasn’t
determined a time line, but it’s widely believed it will take at least a decade to produce the first oil and gas from the well. About 250 miles
southeast of Houston, the well is 35,055 feet, as deep as Mount Everest is tall, not including more than 4,000 feet of water above it. - The
Louisiana Offshore Oil Port, a platform 18 miles south of Grand Isle, has offloaded oil from supertankers for nearly three decades. The port sends
about 1 million barrels of foreign crude each day — 10 percent of the nation’s imports — to storage tanks at Port Fourchon in south Lafourche.
From there, it is channeled via pipeline to refineries around the U.S. is nearing completion of a $180 million expansion and has also begun tying into
deepwater wells in the Gulf.
- Some studies predict the Haynesville Shale will become the nation’s top-producing natural-gas field within the next six years, according to the
Louisiana Oil and Gas Association. Just one well drilling in the shale will cost a company more than $6 million, and about 17 companies are already
lined up to do so. The area covers four parishes — Caddo, Bossier, DeSoto and Red River. The shale containing the gas is a layer of sedimentary rock
10,000 feet or more below the earth’s surface. This year through mid-September, 97 new rigs had been erected in Louisiana, 77 of them in north
Louisiana, and 66 of them in the Haynesville Shale. - LSU economist Loren Scott, in a report commissioned by the state Department of Natural
Resources, says last year alone about $2.4 billion in new business sales came from the shale area and roughly $3.9 billion in household earnings were
created. An increase of 32,742 new jobs were linked to the shale last year throughout Louisiana. “As a reference point, this is slightly larger than
total employment in all of Louisiana’s banks and credit unions,” Scott’s study says.
Also another note, Louisiana receives more federal funding from most other states because it can not tax the incoming oil that is pumped from ships to
shore, only the federal government can. That goes for ALL imports and that is why Louisiana is so dependent on the Feds.
DO NOT think for a second Louisiana can not hold it's own. There is a reason New Orleans was one of the richest cities in the country.
And another thing, states ARE allowed to leave the REPUBLIC of the United States. Each state is it's own country united under one banner and that is
the United States.
Before I forget we have 19 oil refineries
. The way I see it, the states need us more than we need them.
Anyone else wants to think we are just a bunch of poor Cajuns? Think again.
edit on 12-11-2012 by CajunBoy because: (no reason
edit on 12-11-2012 by CajunBoy because: (no reason given)