While the Biden administration has pressured more and more corporations to fight the use of coal and oil and gas, guess what’s been happening? Expanded use of coal and yes, oil and gas. As for the coal industry, there’s no wonder why Tulsa-based Alliance Resource Partners LP is doing so well. The company just …
Dwindling crude supplies at Cushing still in the spotlight
As we’ve been reporting, the amount of crude oil stored at the Cushing Hub continues to drop and also to worry some observers and analysts. OilPrice.com joined the list of observers noting how the amount of crude held in the massive tank farm affected the markets and continues to do so. Click here for …
Four STACK wells finished by Hinkle Oil and Gas
Oklahoma City’s Hinkle Oil & Gas Inc. reports recent completion of four adjacent STACK wells drilled on adjacent sections in Kingfisher County with combined production of more than 1,300 barrels of oil a day. The four Lincoln Southeast Oswego Unit wells are located about 8 miles west of Crescent close to the Cimarron River. …
Huge EV tax credits part of Dems spending plan
Even though the Democrats’ spending proposal has been slashed from $3.5 trillion to $1.75 trillion, its proposed big boost to electric vehicles in the form of large tax credits might also be opposed by Oklahoma’s Republicans in congress. Rep. Markwayne Mullin argued in September against the Build More Inflation Act that it was a …
Headlines of other energy stories
** Former California Gov. Arnold Schwarzenegger said any world leaders warning that fighting the climate crisis would damage the economy were “liars” or “stupid.” “All of these countries that come and give speeches, ‘We are not going to go and lose jobs because of going green.” ** Former Vice President Al Gore called on the world to “say …
Is Texas ready for a repeat of the February winter storm debacle?
It’s the question asked not only by millions of electrical customers in Texas but state leaders and regulators as well—-is Texas prepared for a possible repeat of the deadly storm that hit the state in February 2020? Some don’t seem too worried but others contend the state is far from being prepared reported Bloomberg. …
Crude oil unsure about gains and losses
After suffering losses on Wednesday, crude oil prices managed a weak rebound on Thursday in the US but not in Europe. While one went up the other went down. West Texas Intermediate crude for December delivery went up 15 cents or 0.18% to settle at $82.81 a barrel in trading on the New York …
Causes of February storm’s natural gas shortages still debated
“—gas just simply wasn’t available and/or gas prices were too high…” A U.S. Senate committee was told this week there were lots of causes for the February winter storm loss of electrical power in Oklahoma and other states that make up the Southwest Power Pool. But the hearing made it clear, the problems that nagged …
Gasoline hits $3.02 average in Oklahoma
Spooky rising gasoline prices are catching up with Oklahoma as Halloween approaches and 64 of the state’s 77 counties now have averages at $2.98 all the way up to $3.26 a gallon. Yet, the statewide average is still the lowest in the region. Only 13 counties have price ranges less than $2.98 a gallon …
What! Winter-like weather around the corner?
Oh oh. Maybe winter-like weather isn’t all that far off in Oklahoma. Thursday’s strong winds and lower temperatures gave us a slight taste of cooler weather. But—– “Don’t be shocked if we start talking about wintry precip across far NW OK as we get later into next week. Nothing too crazy showing up yet, but …
