With no major outbreak in fighting in the Middle East, investors seem less concerned about any impact on the flow of oil out of the region. As a result, prices fell in Wednesday’s trading. At the same time, crude inventories across the U.S. tumbled and it stopped a further fall in oil prices. West Texas …
The city of Bartlesville struggles with delays on a more than $1 million bridge rehabilitation project after bats and mussels were discovered in the area a few months ago. It was reported in January when divers had to enter the Caney River to verify the existence of mussels which are protected and considered endangered. …
Crude oil inventories across the U.S. and including at the Cushing Hub in Oklahoma fell over the past week. The U.S. stocks, according to to the U.S. Energy Information Administration fell more than 6 million barrels. The fall was from 460 million barrels reported on April 12 to 453.6 million barrels on April 19, …
Geopolitical strategist Peter Zeihan has been thinking about the development of shale oil and its success in the oil and gas industry in the U.S. He wondered whether it can be duplicated in other countries. In a commentary this week, Zeihan suggested it’s not so easy in other countries….it’s not a matter of “copy …
A railroad fight in Tulsa over a butane transloading operation near a USA BMX facility near the city’s downtown has erupted in court. Tulsa sued South Kansas and Oklahoma Railroad LLC and Centennial Energy LLC and asked a judge to decide the question whether municipal or federal law takes precedence over the regulation of …
A newly-released audit of Oklahoma’s spending of $13 billion in federal grant money found a conflict of interest involving the former head of the Oklahoma Employment Security Commission and led to the Attorney General’s call that Shelley Zumwalt should resign as State Tourism Secretary. State Auditor Cyndi Byrd released the Federal Single Audit of …
** Tesla reported net income of $1.1 billion for the January-to-March period, down 55% from the year prior. Revenue fell 9% to $21.3 billion. In contrast, GM reported a 24% rise in first-quarter profit and lifted its profit outlook for the year, as the automaker leans into strong demand for gas-powered trucks and SUVs while trimming investment in future …
More than 6,000 workers at Tesla plants in Texas and California were told this week they will layed off in June because of falling demand for the firm’s electric vehicles. Tesla plans to cut 2,688 jobs at the Austin plant and 3,332 positions in California. The employees will get their layoff notices starting June …
One of the candidates for Oklahoma Corporation Commission called it “unbelievable” that current Commissioner Bob Anthony sees the need to ask for a state Attorney General’s opinion over documents withheld from him by the commission. Justin Hornback, a Broken Arrow hopeful for the GOP nomination in the race to succeed Anthony who is …
An Oklahoma County Judge has ruled against dismissing a lawsuit against Oklahoma State Treasurer Todd Russ over his enforcement of the state’s controversial Energy Discrimination Elimination Act of 2022. District Judge Sheila Stinson denied the Treasurer’s request to dismiss the lawsuit filed last fall (CV-2023-3021) by Don Keenan, a former President of the Oklahoma …
