Gov. Bobby Jindal said Thursday that he is trying to get in front of the U.S. financial crisis by holding weekly meetings with aides on the state’s economy. For now, Louisiana appears to be better positioned than the rest of the country, he said.
Commissioner of Administration Angèle Davis said high oil prices largely buffered the state from the credit crisis and the economic uncertainty. “Overall, Louisiana’s economy is still strong. I think that we’ve shown remarkable resiliency against troubling economic trends,” she said.
Oil prices now are falling, she noted. At midday Thursday, the price of oil was more than $10 below the $84-per-barrel price built into the current state operating budget.