Stephen Moret, the Secretary of Louisiana Economic Development, is very bullish on our state. The main reason? Natural gas.
The state has always had – and probably always will have – an abundance of natural gas. Throw in the newest drilling technology, like fracking, and we have even more access to this precious natural resource.
Major corporations from around the globe are focused on our state. The Mississippi River, along with the easy access the the Gulf of Mexico, has always made New Orleans a desired location (just ask Iberville or Bienville). Now add in our Natural Gas reserves and the economy becomes even brighter.
In many cases the cheap price of natural gas and the sheer quantity of it in Louisiana has made manufacturers consider our state. It’s what fuels their facilities. A plant being built outside of Lake Charles will convert natural gas into diesel fuel. The cost? Somewhere between $15 and $20 billion.
Moret believes in the next 3 to 5 years alone over $50 billion will be invested in natural gas-fired facilities up and down the Mississippi River.
Get ready Louisiana. We’re on the brink of an economy we haven’t seen since the 1970′s. It should be a fun and lucrative ride