Oklahoma Reps say Biden’s oil move won’t work

  President Biden’s announced decision to release 50 million barrels of oil from the nation’s Strategic Petroleum Reserve, a move aimed at lowering gas prices drew immediate criticism from two Oklahoma congressmen. Both said the problem was one caused by Biden. Republican Tom Cole, OK-04, said the reserve is supposed to be used during genuine …

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Wednesday’s energy news headlines

** Some 64 percent of respondents in a CBS News poll believe the U.S. economy is in bad shape. Of these, 74 percent are blaming the bad economy on high prices at the pump, the news outlet reported. ** Boston Mayor Michelle Wu signed an ordinance Monday designed to divest the city from fossil fuels. The ordinance will …

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Keystone Pipeline developers want $15 billion from U.S. for cancellation

  The developers of the cancelled Keystone XL pipeline, the one that would have carried Canadian crude oil to Cushing, Oklahoma and southward to Gulf Coast refineries want the Biden administration to cough up $15 billion in damages over the President’s executive order. Calgary-based TC Energy Corp. filed a request Monday for arbitration in one …

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New wastewater rule forces coal plant closings

  Faced with an October deadline because of a new federal wastewater rule, dozens of coal-fired power plants across the U.S. are being shut down. The Sierra Club tracked state regulatory filings and reports at least 26 plants in 14 states were found to be among those to stop burning coal. The Club’s report cited …

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What Old Farmer’s Almanac predicts about coming winter

  A season of shivers! It’s what The Old Farmer’s Almanac is predicting this winter across Oklahoma and the rest of the country. Whether you’re working high atop a utility pole, a wind turbine tower or on a drilling rig, it promises to be a long and cold winter predicts the newest edition of the …

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Political gimmick—Biden’s release of crude oil reserves

  President Biden on Tuesday took action to do something about rising oil prices, announcing the release of 50 million barrels of crude from the U.S. Strategic Petroleum Reserve. And within hours, one Oklahoma oil and gas industry leader blasted the move labeling it a political gimmick. Brooke A. Simmons, President of the Petroleum Alliance …

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Oil made a comeback–as did Oklahoma energy stocks

  After losses last week, crude oil prices rebounded in Monday’s trading. So did most Oklahoma energy stocks. West Texas Intermediate crude for January delivery, the U.S. benchmark rose 65 cents to $76.65 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for January delivery went up 81 cents and …

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Helmerich and Payne to retrieve rigs out of storage

  Helmerich & Payne CEO John Lindsay says the demand for new oil and gas drilling rigs is growing so much that his Tulsa-based company will have to reactivate some of its long-idled rigs to satisfy demand. It’s what he and other company leaders recently said according to a report by Natural Gas Intelligence. As …

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House members want faster response to truck drivers shortage

  Congressman Frank Lucas has urged Labor Secretary Marty Walsh to do more about the nationwide truck driver shortage and its effects on the country’s supply chain challenges. He led more than 60 House members in sending a bipartisan letter to Secretary Walsh asking him to prioritize Labor Department Workforce Innovation and Opportunity Act grants to those …

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Devon helps fund southeast New Mexico fire departments

  Oklahoma’s Devon Energy is making sure local fire departments in southeast New Mexico have equipment and funds they need to respond to emergencies. The company recently donated to six fire departments in Lea County as part of the company’s commitment to supporting emergency responders in its operating areas. “Emergency responders are the backbones of our communities and regularly put their …

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