Author Archive: Jordan Gleason

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Opinion: Oil’s rally isn’t over yet

Put down that chart and look around you. West Texas Intermediate crude suffered its sharpest fall in three months Tuesday, slumping as much as 5.5 percent after the contract slipped below its 200-day moving average for the first time in a year – a negative signal for technical analysts. Brent did the same thing on the […]

Oil rises on China record crude imports

Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world’s No.2 economy could stoke an emerging fuel glut. However, oil markets were held back somewhat after the United States became the world’s top crude producer as its output hit record levels. Front-month Brent crude oil futures were […]

Iran Sanctions Test U.S. Diplomatic Power

It is fashionable to argue that U.S. global power is fading, but you wouldn’t necessarily know it from Iran. Over the past six months, President Donald Trump has turned the global financial system into a weapon against Tehran, despite resistance from virtually every major world power, and he is getting results. The policy has triggered […]

Trump takes credit for low oil prices

President Trump took credit on Wednesday for driving down oil prices both before and after sanctions on Iran’s oil exports kicked in on Monday. “That’s because of me,” Trump said of the low prices. “If you look at oil prices they’ve come down very substantially over the last couple of months.” Nevertheless, the Energy Department […]

U.S. envoy aims to end Iran oil exports without price spike

he United States is determined to push Iranian oil exports to zero, U.S. Special Representative Brian Hook said on Wednesday, through a ‘calibrated’ approach using maximum economic pressure without lifting oil prices. The United States resumed sanctions on Iran’s oil, shipping and banking industries on Monday after President Donald Trump pulled out of a 2015 […]

Oil and gas lawsuits likely to move forward under newly elected Plaquemines Parish council

Oil and gas lawsuits likely to move forward under newly elected Plaquemines Parish council

Plaquemines Parish voters on Tuesday elected a council that appears to support moving forward with lawsuits that blame oil and gas companies for eroding the parish’s coastline and polluting its coastal waters. The Parish Council originally authorized the lawsuits in 2013, but oil and gas interests persuaded members to stop them two years later — only to […]

API urges offshore drillers to use automatic shutoff valves

Offshore oil and gas drillers need to take greater caution to protect against spills during disruptions like hurricanes and power outages, the American Petroleum Institute recommended in new standard released Thursday. Under the new standard, companies are advised to use wellhead valves that automatically shut off in the event of a loss of power or […]

Fantasy sports betting online expected to be up and running by next year

Fantasy sports betting is now allowed in Southeast Louisiana parishes, but there’s still a lot that needs to be worked out before people can start betting. Voters in 47 parishes legalized fantasy sports betting Tuesday (Nov. 6), including Orleans, Jefferson, Plaquemines and more. State Representative Kirk Talbot, R-River Ridge, introduced the bill, which allows people […]

Louisiana congressmen will return to a different Washington landscape

Louisiana voters decided against changing the state’s congressional delegation but the rest of the country had different ideas, overturning a Republican majority in the House of Representatives and giving control of the speakership to Democrats for the first time since 2010. The state’s six incumbent congressmen all coasted to re-election Tuesday, but when they return […]

As other states OK minimum wage hikes, Louisiana advocates still working to build support

Voters in two Republican-controlled states this week overwhelmingly approved minimum wage hikes, giving new hope to advocates in Louisiana, where even more modest proposals repeatedly have been rejected at the GOP-dominated State Capitol in recent years. Minimum-wage workers in Louisiana make $7.25 an hour because it remains one of just five states that never adopted […]