Some communities in the state continue their slow recovery from lower oil prices. Meanwhile, other communities are experiencing record growth because of natural gas and the chemical industry.
Two Louisiana communities have seen an upturn in their local economy in the last half of 2015. What's it going to take for the rest of the state to join that turn around?
Global oil prices rose to a three-week high over the weekend, up as much as 25% from the 12-year lows hit last week. Additionally, there has been speculation about a deal between the major oil exporters to slash production.
The state of Louisiana's fiscal budget is based on the price of oil being $63 per barrel. With the current price of oil well below that value our state's leaders are going to have to make some tough choices.