Page 47: of Maritime Logistics Professional Magazine (Q4 2015)

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REGIONAL FOCUS: U.S. GULF COAST

We look for Lafourche and Terrebonne Parishes to add to oil and gas jobs in 2017. U.S. oil production “ probably peaked three months ago. We anticipate gradual improvement in crude oil prices, with a rise to $55 a barrel in 2016 and $60 in 2017.

– Loren Scott, ”

Loren C. Scott & Associates, Inc.

Retired emeritus- economics professor Loren

Scott of Louisiana State

University.

cent of the nation’s hydrocarbon opera- tions, and its pipelines connect to fully half of the nation’s re? ning capacity.

Separately, Port Fourchon is less than 20 miles from The Louisiana Offshore

Oil Port (LOOP), an unloading and dis- tribution center for supertankers bring- ing in imported oil. Signi? cantly, LOOP uses Port Fourchon as its land base and booster pumps at Fourchon increase the ? ow of crude oil from the LOOP to un- derground salt domes in south Louisi- ana. Anything but a one trick pony, Port

Fourchon survives today with incen- tives, thoughtful management practices and a diversi? ed client base.

Tenants’ Lease Rates Slashed “Expansion is still taking place at Port

Fourchon but at a slightly slower pace,”

Chett Chiasson, executive director of the Greater Lafourche Port Commis- sion, said last month. “We’re preparing ourselves to meet demand for when the www.maritimeprofessional.com Maritime Professional 47| | 34-49 Q4 MP2015.indd 47 11/18/2015 9:46:05 AM