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Louisiana's oil and gas industry lost thousands of jobs in pandemic


BATON ROUGE Employment in Louisiana’s oil and gas industry has been declining since 2014 and took another big hit during the COVID-19 pandemic, with layoffs of 7,500 more workers.
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 the future.
Loren Scott, an economist who does consulting work for the industry, said Louisiana has about 27,000 jobs in oil and gas extraction, or 7,500 fewer than in January 2020. That number reflects those working in oil and gas exploration and production. ....

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Louisiana budget deficit, surplus depends on federal aid


Sydney McGovern, Brittney Forbes and Cortney Brown
LSU Manship School News Service
BATON ROUGE With an estimated $2 billion provided to Louisiana from a federal coronavirus aid bill passed in December and the likelihood of another federal stimulus package, state legislators are hopeful they can balance the budget for fiscal year 2022 with no more than modest cuts.
The greater concern is the danger of a financial crisis in the following years. Louisiana budget experts project a slow recovery from the pandemic. Federal aid is expected to dry up after this year, and many Louisianans have been hesitant to receive the vaccines that could help open up the economy. ....

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Louisiana's dependence on federal aid leaves budget picture unclear


Louisiana’s dependence on federal aid leaves budget picture unclear
Kaylee Poche/LSU Manship School News Service
Commissioner of Administration Jay Dardenne will present a proposed budget to the Legislature next Friday.
and last updated 2021-02-19 12:20:47-05
By SYDNEY MCGOVERN, BRITTNEY FORBES, and CORTNEY BROWN
LSU Manship School News Service
BATON ROUGE With an estimated $2 billion provided to Louisiana from a federal coronavirus aid bill passed in December and the likelihood of another federal stimulus package, state legislators are hopeful they can balance the budget for fiscal 2022 with no more than modest cuts.
The greater concern is the danger of a financial crisis in the following years. Louisiana budget experts project a slow recovery from the pandemic. Federal aid is expected to dry up after this year and many Louisianans have been hesitant to receive the vaccines that could help open up the economy. ....

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