Author Archive: Jordan Gleason

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Why Oil Prices Can’t Rise Very High, For Very Long

Oil prices are now as high as they have been for three years. At this writing, Brent is $74.14 per barrel and West Texas Intermediate is at $68.76. These prices aren’t really very high, if a person looks at the situation from a longer term point of view than the last three years. There is […]

Don’t listen to the noise — it’s not ‘mission accomplished’ just yet, Saudi oil minister says

OPEC kingpin Saudi Arabia warned oil traders on Friday that a dramatic upswing in crude futures was little reason to become complacent. Speaking to reporters in Jeddah, Saudi Arabia, the kingdom’s Energy Minister, Khalid al-Falih, told CNBC’s Steve Sedgwick: “We have to be patient. We shouldn’t jump the gun, we shouldn’t be complacent and listen […]

Arctic wilderness area in Alaska to be opened to drilling

An initial step toward opening up an Arctic wilderness area in Alaska to oil and gas development unveils a revenue stream for the state, the governor said. A document published Friday in the Federal Register by the U.S. Interior Department outlined plans for a leasing environmental impact statement for an oil and gas leasing plan. […]

‘Boom time’ for US oil, gas producers

Oil prices have skyrocketed since the end of 2016, reaching a 3 1/2-year high this week and natural gas prices are at a 3-year high. One of the more painful downturns for the domestic petroleum business is now turning into a distant memory. After losses for a number of years, U.S. oil producers may finally […]

Commodities volatile on $100-oil talk, Wall Street falls

Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again and of more U.S. sanctions on Russia triggered wild swings in trading of commodities on Thursday, though the potential boost to inflation hit fixed-income assets. Wall Street equity indexes fell in choppy trading on a broad-based slump in technology stocks and a […]

Oil Rises to Three Year High on Talks of Saudi Arabia Wanting Higher Prices

Oil prices rose to their highest level in over three and a half years on Thursday after news that Saudi Arabian officials want the price of oil to rise. Crude oil futures rose 1.07% to $69.20 a barrel by 10:28 AM ET (14:28 GMT), its highest level since November 2014 and a session high. Brent […]

Natural Gas markets have a wild ride on Thursday

Natural gas markets initially tried to rally towards the $2.78 level above but found enough resistance in that general vicinity to turn things around. I believe that the $2.80 level is the major level that people are paying attention to, as it has been resistive in the past. We then cratered during the trading session, […]

Capitol Views: Budget debate grips an emotional House

n the days leading up to this afternoon’s expected vote on the state budget, House members wrestled with various forms of pressure being applied from a number of angles. Hardball politics, partisan attacks and mountains of communications were all utilized to influence representatives to reject the GOP-backed proposal and to fix the budget’s $648 million […]

The Rundown: Budget news, education and more in Louisiana politics today

The Rundown: Budget news, education and more in Louisiana politics today

Today in The Rundown: The state budget has made it through the House and lawmakers are taking a long weekend. Here’s everything you need to know to catch you up on Louisiana politics today. Countdown… Days until the 2018 regular legislative session must end: 45 The News Budget: The Louisiana House has endorsed a spending plan for the […]

‘Shame on us’: Louisiana House-passed budget blasted; GOP leaders say drastic cuts aren’t final

The Louisiana House has endorsed a spending plan for the coming year that critics, including Gov. John Bel Edwards, say would have catastrophic impact on the state’s health and economy with deep cuts to services for poor, disabled and elderly people. The $27 billion budget proposal, which narrowly passed through the GOP-controlled House in a […]