Author's posts
Oil Rises for Sixth Consecutive Week
Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns. Brent crude futures rose $1.10, or 1.3%, to settle at $86.24 a barrel, while the U.S. West Texas Intermediate crude …
Ada High School Student Pilots Attend EAA AirVenture Show in Oshkosh, Wisconsin
The Oklahoma Department of Commerce and Oklahoma Aeronautics Commission led a delegation of communities to exhibit at the annual EAA AirVenture show held at Wittman Regional Airport in Oshkosh, Wisconsin, according to an article in The Ada News. The Ada Jobs Foundation, Ardmore Development Authority, Bartlesville Development Authority, the City of McAlester and Tulsa International …
Texans Experience 800% Power Price Surge on Sunday
Texas residents experienced a power price surge on Sunday like no other in history – more than 800%! – as searing heat pushed demand toward record levels and strained supplies on the state grid. Bloomberg reported that electricity prices for the grid rose to more than $2,500 a megawatt-hour for Sunday evening, up from Saturday’s …
Oregon Ends Self-Serve Gasoline Ban
For the first time in 72 years, Oregon motorists can grab a fuel nozzle and pump gas into their cars on their own, since a decades-old ban on self-serve gas stations has been revoked, according to a published report by the Associated Press. Gov. Tina Kotek signed a bill on Friday allowing people across the …
Will Biden Designate Grand Canyon as Latest National Monument?
With President Biden’s plans to visit Arizona, New Mexico and Utah this week, sources speculate that the purpose of the trip is to designate a new national monument protecting lands outside the Grand Canyon National Park, according to a recently published report by E&E News. Speaking on conditions of anonymity, no further details were immediately …
Excessive Heat Strains Power Grid in Cushing
It’s the Dog Days of Summer and Cushing, Oklahoma – the pipeline capital of the world – is experiencing strains on its power grid due to the excessive heat. City officials are urging residents to conserve power in order to cool down substations until there is relief from the hot weather. The combination of heat …
Canoo Agrees to $1.5 Million Fine by SEC to Settle Revenue Projections Investigation
The U.S. Securities and Exchange Commission (SEC) issued a $1.5 million fine against electric vehicle company Canoo Inc. on Friday, citing reporting failures related to substantial and unreasonable revenue projections. The SEC alleged that Canoo, former CEO Ulrich Kranz and former CFO Paul Balciunas, misled investors about the company’s financial prospects prior to its public …
Rep. Frank Lucas Injured in Oklahoma Ranch Accident
Oklahoma Congressman Frank Lucas was admitted to the hospital after being injured Friday morning while working on his ranch, according to official communication from his office. The release to the media said Lucas’ injuries are non-life threatening. Lucas represents Oklahoma’s District 3 in the U.S. House of Representatives. His area covers much of western, northwestern …
Residential Geothermal Pumps Are Trending Again
The geothermal pump industry is relishing a resurgence as a result of extreme weather conditions and rising utility costs. A major push is now underway to get people to consider ground source heat pumps because they use far less electricity than other heating and cooling methods, according to a recent article by the Associated Press. …
US EIA: Without ERCOT Upgrades, Texas Wind and Solar Generation to be Curtailed
Although it is projected that Texas’ power market will double by 2035 largely due to renewable generation, it is likely that wind and solar generation will be increasingly curtailed without upgrades to the state’s transmission system. This forboding outcome is according to a recent analysis by the U.S. Energy Information Administration. The analysis explains that …