Agreement announced on PSO renewable energy projects

    Attorney General Gentner Drummond and several parties representing customer interests have entered into a joint stipulation and settlement agreement with Public Service Company of Oklahoma (PSO) regarding its pending application for approval of six capacity projects. The settlement paves the way for a decrease in PSO customer rates beginning in 2026. The project …

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Renewable diesel fuel gains traction at US refineries

  Renewable diesel fuel is gaining ground across the U.S. CVR Energy Inc. is increasing production at its Wynnewood refinery in Southern Oklahoma where production started in October 2022. Marathon Petroleum has similar production at a plant in Dickinson, North Dakota where the company describes the fuel as a major turning point in the world …

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Headlines

** Electric vehicle sales surpassed more than 10 million last year, a rise of 55% compared with 2021, with China accounting for about 60% of the market, according to an International Energy Agency report. ** The office of U.S. climate envoy John Kerry is facing a subpoena threat from House Oversight Committee Chairman James Comer …

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Senate votes to overturn EPA rule targeting big trucks

  Oklahoma U.S. Sens. James Lankford and Markwayne Mullin were among those who voted this week to overturn Environmental Protection Agency rules targeting heavy-duty trucks for their smog-emissions. Despite the 50-49 vote, the White House said President Biden will veto the measure. Among supporters for the bill was Democratic Senator Joe Manchin reported Reuters. Click …

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Crude oil fell 4% and Oklahoma energy stocks joined the slide

  Crude oil took a 4% hit in Wednesday’s trading and Oklahoma energy stocks felt it as well with some falling from 2% to 4%. Crude inventories, including those at  the Cushing Hub in Oklahoma, fell more than expected, sending a surge in recession fears. West Texas Intermediate crude dropped 3.6% on a $2.77 fall …

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Gasoline prices retreat but remain higher than in March

  Recent slumps in the price of crude oil caused by growing concerns over a world recession combined with COVID-19 lockdowns in Shanghai might be responsible for a slight dip in gasoline prices in the past few days. Otherwise, Oklahoma and U.S. gasoline prices continued to hold fairly steady, according to AAA. Nationally, prices dropped …

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Discussions grow serious of a ban of gas-powered lawn mowers in Colorado

  A movement started by California to ban sales of gas-powered home lawn mowers might be catching on in Colorado. The Colorado Sun reports some draft policies are circulating at the state’s Regional Air Quality Council to ban such sales of lawn mowers, trimmers and leaf blowers in the Denver metro beginning in 2025. The …

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Cushing Hub recorded another drop in crude oil storage

  The total of crude oil held in storage at the Cushing Hub in northern Oklahoma continued to decline over the past week according to the U.S. Energy Information Administration. The EIA reported Cushing’s total dropped from 32.8 million barrels on April 14 to 33.1 million barrels as of April 21, 2023. It compared to …

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What an unfunded EPA mandate means for Oklahoma City

  Critics of federal government overreach often cite “unfunded mandates” forced upon states and local municipalities. One such unfunded mandate is one from the Environmental Protection Agency which forced Oklahoma City to implement a monthly drainage fee beginning in 1995. As a result, every month, when water bills are sent to Oklahoma City residents, part …

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Oil and gas revenue surge boosts New Mexico revenues

  In a state where its Democratic governor and legislature leaders try their best to put the oil and gas industry under “green energy” control, New Mexico just reported a record $8 billion in state revenues last year. They also are quick to admit it was largely due to the booming oil and natural gas …

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