Not only did crude oil prices fall more than 4% in Tuesday’s trading after the long Memorial Day Holiday weekend, but Oklahoma energy stocks fell as much. Growing doubts whether Congress will pass the U.S. debt ceiling package were one of the causes while there were concerns over messages from major producers regarding the …
Count Oklahoma Congressman Josh Brecheen among the hard-right Republicans who are in open revolt over Speaker Kevin McCarthy’s deal with President Biden to raise the government debt ceiling and set federal spending limits. It’s a deal that included approval of the long-delayed $6.6 billion Mountain Valley natural gas pipeline in West Virginia. But if …
Oklahoma U.S. Sen. Markwayne Mullin is making his repeated case that the nation is suffering from President Biden’s rush to green energy policies and the climate hysteria of Democrats is getting ahead of operational reality. In his latest opinion piece, entitled “Sounding the alarm on grid reliability, again,” the Republican Senator said the Biden …
An examination of the price manipulation lawsuit filed by Kansas Attorney General Kris Kobach against Macquarie Energy over the February 2021 Winter Storm Uri shows Oklahoma had a role in what led to historic natural gas prices. Kobach filed suit against the Houston company, alleging the company intentionally carried out certain gas trade steps …
** A new reactor at a nuclear power plant in Georgia has reached its full power output for the first time and is scheduled to enter commercial operation within the next month. Georgia Power Co. announced Monday that Unit 3 at Plant Vogtle, southeast of Augusta, has reached its full output of 1,100 megawatts of electricity. ** Anti-pipeline activists gear …
ConocoPhillips announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (CAD$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (CAD$440 million). ConocoPhillips currently holds a 50% interest as operator of …
Governors of Iowa, Nebraska and Missouri are asking the Environmental Protection Agency to give approval of an expansion of the federal requirement for more biodiesel production in the U.S. The three Midwest governors say diesel fuel supplies remain at low levels and farmers and truckers are dealing with “stubbornly high” prices. A year ago, …
The debt deal announced by President Biden and House GOP leaders over the weekend could produce opposition from Democrats because it includes a controversial 300 mile natural gas pipeline project. House leaders managed to include the billion-dollar Mountain Valley Pipeline which is 94% complete in stretching more than 300 miles from West Virginia to …
New Mexico elected officials recently went before Congress to testify in support of proposed federal rules that are meant t o increase conservation uses on public land. Testimony came from congresswoman Melanie Stansbury, a Democrat, and New Mexico Public Lands Commissioner Stephanie Garcia Richard. Both supported the plan by the Bureau of Land management …
The overhaul of the nation’s permitting process for big energy projects is right in the middle of what Republicans want as they negotiate with President Biden during the debt-limit talks. With a default deadline approaching this week, the issue has been on the table according to House Speaker Kevin McCarthy. Click here for Bloomberg
