Oil prices continue their steep collapse, falling before 21 dollars a barrel last night before rebounding back up a few dollars today. Matt Doyle has more on what that means for the state…
Cut 1 (28) “…I’m Matt Doyle”
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Gun shops are finding it hard to keep their shelves stocked. Kevin Barnhart has the story.
Cut 2 (30) “…I’m Kevin Barnhart”
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The price of oil is hovering in the mid 20 dollars a barrel, prices not seen since the early 2000s. The price collapse is hammering the industry, and Louisiana Oil and Gas Association President Gifford Briggs says this will have a direct effect on industry workers.
Cut 3 (11) “…unsettling.”
Last night the price of oil dropped below 21 dollars a barrel, and Briggs says America’s oil sector cannot operate at sub 40 dollar a barrel prices for long.
Cut 4 (07)_ “…on”
Briggs warns that even if the COVID crisis breaks in the next few weeks, American industry is still threatened by Russia and OPEC, who are purposefully overproducing to deflate prices.
Cut 5 (06) “…future.”
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The state is reporting eight deaths and 347 positive coronavirus cases an increase of 67 from yesterday. There are four new parishes reporting cases, West Baton Rouge, St. James, Plaquemines and Lafayette. Lafayette Mayor-President Josh Guillory called a press conference last night to announce their first positive cases…
Cut 6 (11) “…national leaders”
Dr. Tina Stefanski, regional medical director of the Office of Public Health in Acadiana, says they expect the number of cases to climb. Stefanski says now is the time for people to really follow the advice of health experts, wash your hands, practice social distancing and stay home if sick…
Cut 7 (13) “…this region”
New Orleans leads the state with 231 positive tests for coronavirus. Lafayette has just two cases so Stefanski says there’s no evidence of community spread in Acadiana…
Cut 8 (09) “…may change.”
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Guns and ammo sales are seeing a huge surge as a result of the COVID-19 pandemic. Owner of Meaux Guns in Baton Rouge Joe Meaux says the access to ammo is restricted as supply is struggling to keep up with demand at gun shops across the state.
Cut 9 (10) “…to get from.″
Meaux says he’s seeing more first-time gun owners making purchases as well as casual gun owners coming in and stocking up. Three categories of firearms are seeing the most demand.
Cut 10 (12) “…shooters to shoot.”
Meaux says background checks are also being slowed down by the surge.
Cut 11 (08) “…on those too.”
According to ammo.com, Louisiana’s increase in ammo sales is only being outpaced by Delaware and Oklahoma.
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Congress is rushing to complete an economic stimulus package to help an economy heading towards a recession. Senator John Kennedy says the White House is calling for a family of four to receive a three-thousand dollar check and that money would arrive as a direct deposit in three weeks
Cut 12 (12) “…mid-May”
The economic stimulus package that being discussed could one-trillion dollars or more. Kennedy says it will also contain money for businesses to help them keep employees on the payroll
Cut 13 (12) “…will help”
Kennedy says they are also looking to help small businesses as they plan to provide 300-billion dollars in government-guaranteed loans to small businesses and they will be administered through banks
Cut 14 (11) “…get it.”