Louisiana’s commissioner of conservation has ordered Texas Brine LLC to abate the safety and environmental threats from its failed brine cavern on the west side of the Napoleonville Salt Dome in Assumption Parish where a sinkhole has been threatening residents and infrastructure since August.
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Despite one marketer’s assertion that not too much is happeningin the May bidweek market yet, activity was far from lacking at theNew York Mercantile Exchange Monday. The spot May contract lostanother 7.6 cents to $2.266 yesterday, as traders continue to getout of their May positions before the contract goes off the boardat 3:10 EDT this afternoon. An estimated 93,800 total contractschanged hands.