Crude Oil prices surged above 70 dollars a barrel since the U.S. and Israel’s attacks on Iran began. Louisiana Mid-Continent Oil and Gas Association President Tommy Faucheux says it’s not a surprise to see the market respond like this.
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Tanker traffic in the Strait of Hormuz, which is located at the southern end of the Persian Gulf, has been significantly disrupted. Twenty percent of the world’s oil supply passes through that strait.
The chancellor of LSU-Alexandria announced his retirement. After 43 years in the LSU system, Dr. Paul Coreil will retire at the end of this academic year. The 70-year-old says the 13 years he spent in Alexandria, the last eight of which were as LSU-A’s chancellor, have been the best years of his career.
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An effort to legalize the sale of marijuana for recreational use will be up for debate in the legislative session that begins next week. Jeff Palermo has the story.
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One of the big issues in the upcoming session will be Carbon capture. Senate President Cameron Henry acknowledges that it’s a hot-button issue relating to the oil and gas industry.
House Speaker Phillip DeVillier supports carbon capture and has seen it done safely in Texas, but he acknowledges it’s something people are concerned about.