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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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