Bitte wählen Sie ihr Lieferland und ihre Kundengruppe
The objective is to see if the growth of offshore oil and gas development that took place between 1969 and 2000 resulted in cumulative economic effects that differentiate the economic experience and circumstances of residents in Louisiana's coastal parishes from the residents of Louisiana's non-coastal parishes. A comparison of the average rate of growth in per capita personal income in coastal and non-coastal parishes revealed remarkably little difference over the entire study period, or for any of the sub-periods considered separately. Comparing the components of the growth, however, shows this equality is misleading during the initial two phases of 'energy boom' and 'price collapse,' because the contributors to growth were different. Onshore production in coastal parishes peaked early in the 1970s and then fell rapidly. Offshore production was largely a stabilizing force which became relatively and absolutely much more important in the last half of the period. But during this latter period there are no discernable differences between the two groups of parishes and the implication is, that in a broad regional context, the effects of offshore development were temporary and transitory rather than cumulative or permanent. Demographic indicators in the parishes are consistent with this conclusion.