For the first time ever, West Texas Intermediate oil futures traded in the negative today. Louisiana Oil and Gas Association President Gifford Briggs says the industry is facing a crisis, with many Louisiana wells planning to shut in 100% of their production due to storage constraints as companies are being told they can’t take delivery in May.
Ten years ago today the BP Oil Spill killed 11 rig workers and coated much of the state’s coastline in tar. Congressman Garrett Graves was the head of the Coastal Protection and Restoration Authority at the time. Louisiana received just over eight billion dollars in settlement funds to help restore the coast and billions more in economic damages as a result.
The spill pumped 4.9 million barrels of oil into the Gulf.
A Main Street America survey shows nearly 60-percent of small businesses in the state are in danger of closing permanently due to COVID-19 in the next six months. Lt. Governor Billy Nungesser encourages Louisianans to have a staycation when they can venture out again and to visit a part of the state they’ve never been to and support the local economy.
Cut 14 (08) “…local restaurant.”
The US Supreme Court rules all felony trials must be decided by a unanimous jury verdict, a decision likely to result in dozens of retrials in Louisiana. There are likely hundreds of people incarcerated in Louisiana due to non-unanimous verdicts whose cases are decided and whose appeals are done. Loyola University Law Professor Dane Ciolino says for them…