"Who else is even running?" was the response from energy bigwig T. Boone Pickens when asked to explain his endorsement of U.S. Rep. Charles Boustany Jr., R-Lafayette.
Pickens gave his endorsement of Boustany during a press conference Monday afternoon, which was fittingly held at the Apache Compressed Natural Gas Pump on Verot School Road.
"He's the only guy I even thought of supporting in Louisiana," says Pickens. "I've worked with Congressman Boustany for four terms, and I know what he can do."
|T. Boone Pickens / Photo by Robin May|
Pickens' nod of support comes at a good time for Boustany, whose main competition for the redrawn 3rd Congressional District, U.S. Rep. Jeff Landry, R-New Iberia — a self-professed "true conservative" — attempts to peg the four-term congressman as belonging to the "Washington Establishment."
Pickens credits his endorsement of Boustany to the congressman's support of natural gas as the solution to the nation's foreign oil dependence. The problem, he says, pointing to failed legislation that would have subsidized natural gas conversions of diesel-fueled 18-wheelers, has been political resistance on Capitol Hill.
"It's definitely a quick payout to go natural gas, but so far we haven't gotten a whole helluva lot done," says Pickens. "That's not Charlies' fault though. It's just politics."
In a prepared statement released after Monday's press conference, Pickens touts Boustany as "Louisiana's leader in fighting for the oil and gas industry."
"His knowledge and dedication to ensuring the domestic production of oil and gas and protecting America's energy security are vital to Louisiana and the nation," Pickens says in the statement. "I am pleased to help Rep. Boustany and his re-election and I look forward to to continuing our work together."
1,595 rigs were exploring for oil and 332 for gas. A year ago there were 1,738 active rigs.
Prestigious honor annually recognizes a single attorney for excellence in public interest/pro bono work.
JPMorgan Chase is giving $1 million to Louisiana's community and technical colleges, to help with workforce training efforts to match students to available jobs.
Law firm unveils newly renovated 200-year-old building.
UL grad named web developer at BBR Creative
Lafayette-based emergency department staffing and management company raises $120 million in senior credit facilities through GE Capital, Healthcare Financial Services.
High-rise apartment building, parking garage, hotel and retail part of new development.
The number of Louisianans with jobs continued to set records in September, but the state's unemployment rate kept rising.
Louisiana is drowning, quickly.
An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion.
Local developer’s Lake Charles Gardens LLC purchases buildings and leases; land still owned by Dugas family.
Economist Loren Scott says Louisiana is in the midst of an industrial boom unlike any other in its history, with more than $100 billion in industrial projects either under construction or in the engineering and design phase.
The Louisiana Treasury holds $18 million in Israel Bonds — bonds that earn 2.868 percent when the three-year U.S. Treasury is yielding 1.08 percent.
ABiz celebrates another class of Acadiana's most influential female trailblazers, the Lourdes Foundation honors a local philanthropist and MedExpress in Opelousas celebrates its 22nd year as the “little ambulance service that could.”
Is Louisiana’s O&G industry ready to head south of the border?
Downtown’s newest live-work space for creatives doubles as a gallery for other upcoming artists to show their work.
A maritime case originating in Lafayette federal court could become a game changer for the oil and gas industry.
Here’s what’s at stake in the November Senate race — regardless of whether Republicans gain control of the upper chamber.
From the publisher’s in-box: ABiz reaches out to Lake Charles, time to “Come Home, Louisiana,” and now accepting nominations for Entrepreneur of the Year.
In late September Cleco and UL Lafayette showed off the Cleco Alternative Energy Center, where researchers explore ways to generate power by using renewable resources.
The most recent promotions, hirings and announcements from Acadiana's biz community.
While Amendments 1 and 2 will shield some health care providers from the budgetary whims of Gov. Jindal, they could make higher ed even more vulnerable to cuts.
Age 60 looks good on the country’s second-largest oil and gas show.
Local pieces and logo-emblazoned corporate gifts
Let’s show how much we care what it looks like.