While the Biden administration attacked the oil and gas industry with cancellation of the Keystone XL and the suspension of new drilling permits on federal lands, investors apparently are not shying away from putting their money in new drilling, as reflected by the latest Baker Hughes rig count. Baker Hughes Co. reported an …
He already controls SandRidge Energy in Oklahoma City and owns CVR Energy, operator of Oklahoma’s Wynnewood Refinery and as Carl Icahn sets his sights on Ohio’s FirstEnergy, his critics are unleashing a torrent of harsh words for the activist investor. Icahn’s been labeled a “corporate raider” for years and now he’s being called “notorious,” …
The large plan to carry southwest Kansas wind powered electricity across Missouri and to Illinois ran into more problems in the Missouri legislature. The Missouri House voted to ban the use of eminent domain for the Grain Belt Express power line. The vote was 123-33 in favor of the bill which would prevent the …
** Nissan Motor Co said on Friday it has reached a breakthrough in achieving a 50% thermal efficiency with its in-development e-POWER hybrid technology, which could lead to a further reduction of car CO2 emissions. ** Elon Musk has had it with nickel. It’s scarce and expensive, so the chief executive officer of electric-carmaker Tesla tweeted on Thursday …
The Lieutenant Governor in Texas says the reason some Texans received whopping and exorbitant energy bills following the historic freeze is because they took a gamble and lost. Dan Patrick wasn’t being cold about the situation but explained those who received the high bills, $16,000 in one case, made a choice to either set …
A shortage of gasoline is the latest crisis to hit Texas following the deadly winter storm that caused rolling blackouts and left nearly 3-dozen dead. As Bloomberg reported, it’s estimated that one in every seven gas stations in the state is without fuel because the storm not only crippled refineries but hit the trucking …
Former Michigan Gov. Jennifer Granholm won her confirmation to be the Energy Department secretary on President Biden’s cabinet, but she did so without the support of Oklahoma’s U.S. Senators. Granholm’s confirmation in the Senate came on a 64-35 vote with all Democrats and 14 Republicans agreeing on her nomination. Senators Jim Inhofe and James …
The Bureau of Land Management has been sued by Oklahoma City’s Continental Resources in federal court over delays of dozens of North Dakota drilling permits for federal lands. It’s considered a challenge of the Biden administration’s anti-fossil fuel moves taken immediately after he took office. The company’s Feb. 23 lawsuit in North Dakota U.S. …
