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OPEC Hinting At Oil Production Cutback: Oil Prices Rise

Oil Production Critical to States’ Economy: Offshore and River Worker’s Jobs

Oil prices rose on Monday, reversing earlier losses. This is after sources said OPEC and its partners were considering extending their existing supply deal possibly into next year. This means that production from OPEC producing companies will be limited, by agreement, keeping supplies lower. While bad for gasoline prices, this is good news to the U.S. oil market, including Louisiana, whose job base and tax structure is tied to oil production.,

On Monday, Brent crude was up 34 cents at $49.44 a barrel at 1410 GMT, having recovered from a session low of $48.65. U.S. light crude was up 35 cents at $46.57 a barrel, up from an intraday low of $45.83.

What the rumor is, and according to some sources, including some in OPEC, the group and its non-OPEC partners were considering an extension to the current deal, which comprises an output cut of 1.8 million barrels per day (bpd), for nine months or more. Anytime OPEC countries cut production, or at least agree to limiting production, it is generally a good sign for the U.S. Oil industry.

The efforts of the Organization of the Petroleum Exporting Countries to reduce global oil inventories have been undermined by a surge in U.S. drilling, which has knocked more than 10 percent off the price of oil in the last month. OPEC meets on May 25, when it is expected to discuss prolonging the cuts to the end of 2017, although analysts say a further extension may not be enough. See story here.

Jack-Up Rigs, Semi-Submersible Rigs, drilling ships, supply vessels, deckhands, toolpushers, floorhands, captains, the list is endless for jobs and devices used both inland and offshore to drill for oil in Louisiana.

The injuredGo.com Law Firm wants to help you if you sustain a personal injury offshore or on the river.  Attorney Ed Kramer has over 26 years representing many offshore workers and Jones Act seamen. Call (225) 933-1500 or visit injuredGo.com for a free consultation.

High Speed Internet Injuredgo.com

Free High-Speed Internet for Louisiana Schools – Rejected?

No Free High Speed Internet for Louisiana Schools

Despite detailed assurances from top state officials, an offer to set up a no-cost, high speed Louisiana internet network for cash-strapped public schools across Louisiana died recently amid conflicting claims on the merits of the plan.

The state Board of Regents, with support from Gov. John Bel Edwards, made the offer to district superintendents and later provided point-by-point rebuttals to concerns raised by wary educators and their lawyers.

What did essentially kill the deal for most superintendents was a sharp critique of the plan a few weeks later by a Baton Rouge-based law firm. It concluded that superintendents should reject the offer.

“Due to the lack of information, it is our recommendation that the agreement not be executed,” according a three-page letter from the Hammonds, Sills, Adkins & Guice law firm.

The letter questioned the value of assurances offered by the Board of Regents; said accepting the offer could prohibit districts from filing future e-rate requests with the FCC; and once the network was up and running, the state could charge local districts whatever it wanted.

It also questioned the state’s pledge to put up 10 percent of the construction costs, citing possible problems if districts backed out later and questioned whether subscription fees would be based on usage.

One week later, the Board of Regents, with assistance from Louisiana Optical Network Initiative officials, replied with a rebuttal to each concern. They offered to bind the state to the plan, said it would not keep districts from future e-rate applications and disputed claims of any excessive charges in the offing. It said the state’s pledge to finance 10 percent of the construction costs was solid, downplayed concerns about possible problems for districts that opted out later and said subscription fees would not be based on usage.

Original Here

The rejection was centered upon a 3-page legal opinion.  Some agree, some disagree.  Why not get a free evaluation of your personal injury case by a serious, experienced attorney?  Ed Kramer and the InjuredGo.com Law Firm stand ready to help YOU. (225) 933-1500 or www.InjuredGo.com

soil contamination Louisiana damages

Pennsylvania Judge Throws Out $4 Million Jury Verdict Over Water Contamination

Jury Awarded $4 Million: Judge Says ‘No.’

Its not over ’til its over.  Even when a jury verdict is rendered, the case might not be closed.  There was a bomb-shell decision today by a federal judge involving a water contamination trial from Susquehanna County, Pennsylvania.

In a 58-page ruling, Judge Martin Carlson threw out the jury verdict, and a $4 million dollar award for two families from the Dimock Township area.  Last year, a federal jury found Cabot Oil and Gas was a nuisance — after the families said the company contaminated their groundwater.  Cabot has denied any wrong-doing. Contaminated drinking water is becoming more and more of an issue.  We have written about it before, here.

The judge said he did not make this decision lightly — and says a new trial is needed.  Read the decision Here.

Soil contamination from underground gas storage tanks, old oilfield ‘legacy’ sites, leaking pipes of all sorts is real.  Often it will damage no only drinking water, but require expensive cleanup on the part of the landowner.  But, if you can tract the source of the pollution and contamination, there may be a claim.

In Louisiana, ‘orphan’ wells, old dump sites, and other sources of pollution are common.

Call Ed Kramer at (225) 933-1500 or visit www.InjuredGo.com and we are happy to discuss, for free, any potential claim that you may have.