The state of the oil and gas industry in Acadiana: 2008 vs. 2018

It was the year Democrat U.S. Sen. Barack Obama defeated Republican U.S. Sen. John McCain to become the 44th president, the New Orleans Saints were a year away from a 13-3 season that led the team to its first Super Bowl and for the first time in 2008, crude oil sold for more than $100 a barrel.

As 2019 begins, Republican newcomer Donald Trump is two years into his first term as president, the New Orleans Saints are 13-3 and making a run for a second Super Bowl appearance and oil is selling for around $72 a barrel.

Despite recent talk of a slight uptick in the oil and gas business in Acadiana, in the past decade nearly 11,000 jobs were lost in oil and gas in the five-parish Lafayette Metropolitan Statistical Area…

 

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