Louisiana Oil Royalties Stuck In Washington - KPLC 7 News, Lake Charles, Louisiana

Louisiana Oil Royalties Stuck In Washington

September 27, 2006
Reported by Vince Atkinson

The fate of billions of dollars that could dramatically impact Louisiana for years to come could be in jeopardy. The money would come from off shore drilling royalties. Right now Louisiana only gets a small percentage of the oil and gas royalties from the federal government. For the past few months we have told you about plans in Washington that would have dramatically increased Louisiana's "piece of the pie." This move would bring billions of dollars to the Bayou State, but it looks like that may not be happening.

Speaking to 7 News via satellite from Washington, Senator Mary Landrieu described the latest impasse happening in D. C. Landrieu said, "I think the Gulf Coast is basically being held hostage right now by the Atlantic politics. We just can't seem to get past that." The problem centers around off shore drilling and more specifically the royalties it generates. States located along the Gulf of Mexico, including Louisiana were preparing to receive billions more from the federal government. The House of Representatives wants to hold off on the plan until off shore drilling is legalized off the U.S. Atlantic Coast line.  Landrieu said, "The problem with that is, we don't have the governor's along the Atlantic Sea board in step with that. We don't have senators of either part, republican or democrat that are in step with that."

This is a problem that is leaving Louisiana in a holding pattern. The state is not only waiting for badly needed cash, but also the right to drill for oil and gas in new parts of the Gulf. Landrieu said, "The Senate bill opens up 9 million acres, which is enough gas to fuel a thousand chemical plants for 40 years. That is a lot of gas that we are just leaving in the ground."

Although lawmakers in Washington seem to have reached a stale-mate, the fight is not over. The Senate and the House still have about two days to reach some kind of agreement, but that is not likely.

  • More Local NewsNewsMore>>

  • Sulphur PD hosting Safe Sleep Baby Shower

    Sulphur PD hosting Safe Sleep Baby Shower

    Friday, August 18 2017 6:01 AM EDT2017-08-18 10:01:38 GMT

    Louisiana has one of the highest rates of Sudden Infant Death Syndrome or SIDS, according to the Office of Public Heath. 

    More >>

    Louisiana has one of the highest rates of Sudden Infant Death Syndrome or SIDS, according to the Office of Public Heath. 

    More >>
  • FIRST ALERT FORECAST: Another hot day with partly cloudy skies and a few very isolated showers this afternoon

    FIRST ALERT FORECAST: Another hot day with partly cloudy skies and a few very isolated showers this afternoon

    Friday, August 18 2017 4:50 AM EDT2017-08-18 08:50:09 GMT
    Few showers and a hot day FridayFew showers and a hot day Friday

    We will start today with mostly sunny skies. A few clouds will build up this afternoon with the possibility of a few very isolated showers. Rain chances are only up to 20% for the day. There should be much less rain than yesterday. With the low coverage of rain and clouds, we will have hot temperatures reaching the mid 90s this afternoon. We are under a heat advisory from 10:00 am until 7:00 pm. Overnight, we will have mostly clear skies with temperatures in the upper 70s. 

    More >>

    We will start today with mostly sunny skies. A few clouds will build up this afternoon with the possibility of a few very isolated showers. Rain chances are only up to 20% for the day. There should be much less rain than yesterday. With the low coverage of rain and clouds, we will have hot temperatures reaching the mid 90s this afternoon. We are under a heat advisory from 10:00 am until 7:00 pm. Overnight, we will have mostly clear skies with temperatures in the upper 70s. 

    More >>
  • Parents frustrated with back to school traffic on Nelson Road

    Parents frustrated with back to school traffic on Nelson Road

    Friday, August 18 2017 12:15 AM EDT2017-08-18 04:15:29 GMT
    (Source: www.gator995.com)(Source: www.gator995.com)

    It's a major headache Prien Lake Elementary parents have been dealing with for the past three days--traffic.  The new access road that Calcasieu Parish Superintendent Karl Bruchhaus says is finally finished was suppose to help fix that problem, but some parents are still struggling with the traffic.  Even if it's only an inch, parent Amy Jackson was excited just to be moving.   "Last year I was safe by leaving my job downtown by... 2:30," said Jac...

    More >>

    It's a major headache Prien Lake Elementary parents have been dealing with for the past three days--traffic.  The new access road that Calcasieu Parish Superintendent Karl Bruchhaus says is finally finished was suppose to help fix that problem, but some parents are still struggling with the traffic.  Even if it's only an inch, parent Amy Jackson was excited just to be moving.   "Last year I was safe by leaving my job downtown by... 2:30," said Jac...

    More >>
Powered by Frankly