Is the petroleum industry good for Louisiana

No.

Explanation:

Louisiana ranks among the top 10 states in both crude oil reserves and crude oil production, accounting for about 1% of both U.S. total oil reserves and production.43,44 However, the state's annual production of crude oil has fallen to less than half its 2000 level, and in 2019, output was the lowest in more than six decades, due to lower oil prices and less expensive production costs in other parts of the country.

it would be

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