The oil and lng gas industry in Louisiana has been on what seems like a remarkable streak recently. Every day, liquefied natural gas and oil industry reaches new frontiers in areas never thought imaginable because of technological advancements, and it seems like a new economic development project in the manufacturing sector is a regular headline in the state. This new and existing investment (liquefied natural gas company) by industry accounted for over 310k oil and gas jobs and $16 billion in household earnings for Louisianans in 2009, and almost $78 billion impact in 2011. Imagine how those numbers are going to grow following construction of recently proposed projects and expansions. Unfortunately, there's something more ominous on the other side of the coin.
Oil and Liquefied Natural Gas Company - The Gas Company
Oil and Gas companies - Louisiana has always been a litigious state with a reputation for being the place of big verdicts and huge plaintiff payouts, liquefied natural gas company. Indeed, a recent research conducted by the United States Chamber of Commerce Institute for Legal Reform revealed Louisiana as the 2nd worst legal environment in the country and found that by improving the state's legal environment, Louisiana could be able to save $1,1 billion in tort costs annually and increase employment rates by nearly 3% in the liquefied natural gas company industry. So, while the oil and liquefied natural gas industry is generating growth and oil and gas jobs in Louisiana, the plaintiff attorney "industry" is doing the opposite.
This campaign against the oil and liquefied natural gas industry of Louisiana started with the legacy lawsuits that has more to do with inflated court judgments, which crafting a reasonable cleanup plan. The latest in this trend (liquefied natural gas company) is a lawsuit filed, which blames wetland erosion nearly entirely on industry, despite its many causes both natural and manmade like oil and liquefied natural gas companies. Oil and gas industry recognizes its role. However, the idea of a solution is very different than that of the Southeast Louisiana Flood Protection Authority - East.
Oil and LNG gas company - For the past 2 decades, oil and gas industry has implemented processes and dedicated resources to restoration and preservation efforts in addition to working with the state to secure funding for coastal protection efforts, to liquefied natural gas companies. We participated in the development of the state's Master Plan for Coastal Restoration and Flood Protection and continue to encourage Americans to support coastal restoration, as liquefied natural gas company is a national problem. Several Louisiana Mid-Continent Oil and Gas Association member companies have participated in the America's Wetlands Campaign, an example of how oil and liquefied natural gas companies may positively impact coastal restoration and support energy security and deliverability.
This campaign against the oil and liquefied natural gas industry of Louisiana started with the legacy lawsuits that has more to do with inflated court judgments, which crafting a reasonable cleanup plan. The latest in this trend (liquefied natural gas company) is a lawsuit filed, which blames wetland erosion nearly entirely on industry, despite its many causes both natural and manmade like oil and liquefied natural gas companies. Oil and gas industry recognizes its role. However, the idea of a solution is very different than that of the Southeast Louisiana Flood Protection Authority - East.
Oil and LNG gas company - For the past 2 decades, oil and gas industry has implemented processes and dedicated resources to restoration and preservation efforts in addition to working with the state to secure funding for coastal protection efforts, to liquefied natural gas companies. We participated in the development of the state's Master Plan for Coastal Restoration and Flood Protection and continue to encourage Americans to support coastal restoration, as liquefied natural gas company is a national problem. Several Louisiana Mid-Continent Oil and Gas Association member companies have participated in the America's Wetlands Campaign, an example of how oil and liquefied natural gas companies may positively impact coastal restoration and support energy security and deliverability.
Preservation of Louisiana's oil and liquefied natural gas company wetlands is also good business for our oil and gas industry. The wetlands protect critical oil and gas infrastructure from storm surge. This infrastructure produces or transports nearly 1/3 of the oil and liquefied natural gas company supply of the nation and supports 18% of the nation's refining capacity for oil and liquefied natural gas companies. Coastal erosion threatens these assets and potentially the delivery of important energy resources to the rest of the America. Consider, for instance, information from Coastal.Louisiana.gov, which says the replacement value for a major pipeline segment ranges from $500,000 to $1 million per mile, not to mention the lost income that results from delivery interruptions from either a temporary outage or complete loss for oil and liquefied natural gas company.
Oil and liquefied natural gas company drilling technology and hydraulic fracturing are not the only advancements we have made in last years. Environmental stewardship and sustainability are very important to oil and gas industry. The people of the oil and liquefied natural gas industry are the people of Louisiana--they live, work and raise their families on the coast. The oil and gas industry invests in coastal restoration because it's our livelihood and it's our people's coast. It's our infrastructure, and our viability depends on it. We are all going to continue to be a part of the solution, a solution that puts Louisiana 1st, working together with state leaders and the oil and liquefied natural gas industry as a whole for a better, sustainable Louisiana coast, not sitting in a courtroom for the next several decades - the gas company.
Oil and liquefied natural gas company drilling technology and hydraulic fracturing are not the only advancements we have made in last years. Environmental stewardship and sustainability are very important to oil and gas industry. The people of the oil and liquefied natural gas industry are the people of Louisiana--they live, work and raise their families on the coast. The oil and gas industry invests in coastal restoration because it's our livelihood and it's our people's coast. It's our infrastructure, and our viability depends on it. We are all going to continue to be a part of the solution, a solution that puts Louisiana 1st, working together with state leaders and the oil and liquefied natural gas industry as a whole for a better, sustainable Louisiana coast, not sitting in a courtroom for the next several decades - the gas company.
