This week Louisiana Governor John Bel Edwards (D-LA) testified to the U.S. Senate Energy and Natural Resources Committee. He made a few statements asking President Biden to lift the ban on new leases for oil and gas drilling in federal waters by this coming summer. In the first weeks that Biden took office, he signed multiple executive orders targeting America’s energy sector. Louisiana’s economy relies heavily on the oil and gas industry and they are starting to feel the negative effects of Biden’s offshore drilling ban. Governor Edwards touched on this during his testimony yesterday. “Oil and gas are foundational…

Louisiana’s oil and gas industry is still struggling to recover from the hit they took during the COVID-19 pandemic, that caused 7,500 energy works to be laid off. The Biden administration is doing the state’s oil and gas industry no favors and making it even harder on them to bounce back.  The New Orleans City Business reports: The high-paying jobs have not come back yet even though world oil prices have rebounded to pre-pandemic levels. And as President Joe Biden pushes to accelerate a shift to renewable energy sources, oil and gas workers from Lafayette to Houma are feeling increasingly uneasy about…

President Biden has done everything in his power to stunt the recovery of the oil and gas industry since stepping into office. One of the many overreaching executive orders he signed immediately after being sworn in as president was a halt on new oil and gas leases on federal lands and waters for 60 days. This struck fear in energy-rich communities across the country who depend on the oil and gas industry for jobs and revenue the industry brings in for their local budgets. KLFY News reports: Louisiana officials say the state’s oil and gas industry is in danger. This comes…

Similar to states across the country, Louisiana’s oil and gas industry is struggling. This decline was spurred on by a Russia-Saudi oil price war that increased supply and the Covid-19 pandemic that reduced demand. In total, this currently struggling industry has an impact of about $72.8 billion on Louisiana. Still, despite this contribution and the industry’s current need for support, presumptive Democratic presidential nominee Joe Biden plans on increasing restrictions.  According to a new report from the National Ocean Industry Association (NOIA), Louisiana’s oil and natural gas industry could see an even more substantial decline if the federal government restricts…

Last Friday, the U.S. Department of Energy announced that storage space for 30 million barrels of crude oil would be made available to struggling oil producers. Particularly after Congress blocked funding a direct purchase to the Strategic Petroleum Reserve (SPR) last weekend, Louisiana’s natural gas and oil industry was very grateful for President Trump’s supportive action. Gifford Briggs, Louisiana Oil & Gas Association President, said: The oil and gas industry is the backbone of Louisiana’s economy and the foundation for many communities who have found themselves reeling in the wake of both COVID-19 and the Russian-Saudi oil price war. The…

Under President Donald Trump, America is finally on track to fulfill a longtime bipartisan goal and become energy independent. Thanks to advancements in technology and a friendly administration, domestic oil and gas output is surging, and we’ve become a net oil exporter for the first time in 75 years. Today, President Trump is traveling to Louisiana to tout his energy wins and highlight the state’s “booming southwest industrial hub.” He will appear at an LNG export facility that is expected to create 10,000 construction jobs. On the heels of his visit, Governor John Bel Edwards (D), who is up for re-election this…