Oil Prices Tumble; South Louisiana Businesses Should Be Prepared

GAS PRICES BELOW $2.OO PER GALLON!!!!!!!   Consumers are celebrating……  but there is a cloud on the horizon.  For South Louisiana businesses and residents, the future could be very challenging. Let’s review a bit of history, flash back to the mid 80’s.  Massive layoffs, declining real estate values, businesses folding, and a mass exodus of people leaving the state for employment.  And then the BP Disaster that shut down oil production that really didn’t devastate the economy.  Some might say, well the state’s economy isn’t as dependent on the oil industry as it was in the 80’s.  WRONG, don’t forget that BP paid out ...