Louisiana Ports Awash in ‘Dead Iron’ as Oil Manufacturing Drops

  • Revenue at some generations-old companies plummets 80 percent
  • Lafayette suffers nation’s largest over-the-year jobs decline

An abandoned drilling rig in New Iberia, Louisiana, on Aug. 19, 2016.

Photographer: Derick E. Hingle/Bloomberg

Summer hung heavy over the bayou in Loreauville, Louisiana, as Vance "Vic" Breaux Jr. walked across an empty parking lot into a cavernous open-ended warehouse where a 205-foot-long aluminum-supply boat on order lay half-finished.

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