Big Oil wins again. Which I applaud, by the way, in case there was any doubt.
From a reader:
Bottom line: Trump got some fairly young lawyers in place and three of them seemed to do the right thing.The crux of the matter is that lawyers love to sue oil companies. There are legacy lawsuits in Louisiana claiming that wetlands were eroded back to WWII by big, bad oil companies. The recent appellate court decision says that many of those suits have to be tried in federal court. The parishes wanted them tried in state court, since state judges have to stand for reelection.So, now I want to see the bios on judges Ho, Engelhardt and OldhamHo was born in Taipai in 1973, graduated from Stanford, then law school in Chicago, clerked for the Supreme Clarence Thomas, appointed to this position by the magnificent Trump. So, Ho is only 48 years old and has conservative stamped all over him. He was in private practice for nine years, so he's done something besides government work - hooray!Engelhardt is 61 years old - a homegrown and educated Louisiana boy. He was appointed by W Bush to a lesser judgeship and bumped up by Trump. Fourteen years in private practice. Hooray again!Oldham was born in Virginia in 1978, UVA, Cambridge, Harvard law. Clerked for Alito (;>) Worked for Abbot in Texas - state attorney stuff. Nominated by Trump. Three years of private practice, eight years with Texas state government. Hooray y'all!
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Louisiana
By the way, speaking of Louisiana.
You may recall, CLR appears to be ready to do some exploratory drilling in Louisiana.
Oil prices (not all of these are spot/current; some could be a day old):
- WTI: $69.14 -- down 11 cents;
- Louisiana Sweet: $69.18 -- up $2.02
- Canadian blends:
- sweet crude: $65.35
- US high sweet Clearbrook: $69.55
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