The combination of coronavirus related economic shutdowns and an ongoing international price war has pushed the price of a barrel of oil into never before seen territory: negative prices. Louisiana Oil and Gas Association President Gifford Briggs says the only way these prices can bounce back to reasonable levels is if the economy is restarted, and drastic tax cuts on the industry are enacted.
Cut 5 (11) “…of making payroll.”
Oil started the year at over 60 dollars a barrel.
It’s been ten years since the deadly BP Oil spill coated the coast in tar. Congressman Garrett Graves, who was the head of the Coastal Protection and Restoration Authority at the time remembers how much progress that one calamity undid…
The US Supreme Court rules all felony trials must be decided by a unanimous jury verdict in a 6-3 ruling of a case brought by Evangelisto Ramos, who was found guilty of killing a woman in New Orleans in 2014 on a 10-2 vote that he appealed on constitutional grounds. The decision will likely result in some high-profile retrials of people on direct review. Loyola University Law Professor Dane Ciolino says one of those will likely be for Ronald Glasser who was convicted of murdering NFL running back Joe McKnight in 2016.
The state stay at home order is set to lift April 30th, but in New Orleans it’s been extended to May 16th. Lt. Governor Billy Nungesser says he talking with Mayor Latoya Cantrell, who might reconsider the extension.