[OT] Natural-Gas Production Goes from Bust to Boom; Prices Plummet
Louisiana now has the lowest rate of unemployment in the south, largely due to the continued growth of their energy sector. I was just there redfishing and my host reported that energy services jobs were paying above average, for the sector, to get positions filled.
BTW, in AR, recent gas discovery in our Fayetteville shale has had similar impact on employment in the north and west central parts of the state. We are now dealing with some environmental issues related to drilling waste (which is largely mud and shale mixed with deisel fuel and other oily lubricants).
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