** A federal study concludes that distributed wind capacity could meet more than half of the country’s current annual electricity use.
** Baker Hughes announced that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on June 10, 2022 to holders of record on May 31, 2022.
** An Arkansas court issues a ruling generally backing net-metering and favoring solar developers in a legal battle between solar companies, utilities and state regulators.
** Louisiana lawmakers advance a bill to charge electric and hybrid vehicle owners an annual fee for using state roads and bridges.
** The United States is in talks with the European Union about possible tariffs on imports of Russian oil, according to U.S. Treasury officials, in an attempt to stifle any global energy price shocks caused by an E.U.-proposed embargo on Russian crude amid the war in Ukraine.
** U.S. natural gas prices have jumped 137% this year, and they could soar another 25% or more this summer in the hotter weather.
** Attorneys for a Dakota Access pipeline protester argue that a district court inappropriately applied a “terrorism enhancement” charge to her sentence for setting fire to construction equipment in 2016.
** ConocoPhillips asks a judge to block state regulators from releasing information regarding exploratory drilling in the National Petroleum Reserve-Alaska.
World
** Top execs from Chevron and Woodside Petroleum predicted Russia will be cut off from global energy markets. Once the EU weans off Russian supplies, Moscow is unlikely to be able to participate again, they said.
** While Europeans bask in the warmth of spring, governments are in a race against winter. Europe is trying to cut use of Russian natural gas because of the war in Ukraine, but still find enough fuel to keep the lights on and homes warm before it gets cold again.
** Hungary told its European Union counterparts that it will cost at least 770 million euros ($810 million) to revamp its oil industry as they wrangle over potential sanctions that would target Russian supplies.
** Vladimir Putin has claimed that some EU countries will be unable to wean themselves off Russian oil “for a long time”. Speaking at a televised meeting about the future of Russia’s energy sector, Putin said: “Obviously, some EU states, in whose energy balance the share of Russian hydrocarbons is especially high, will not be able to do this for a long time, to ditch our oil.”