The American Automobile Association predicts the nation’s Memorial Day travel this year will be the heaviest in eleven years. More than 38 million are expected to travel and that is the second-highest number on record. AAA Oklahoma indicated the high volume of travel is spurred by the lowest gasoline prices in more than a decade. …
It’s all about profit when it comes to drilling for oil and natural gas and producing it. Ask any of the energy producers who have gone to Chapter 11 reorganization bankruptcy. It’s also how the big companies continue to exist—making sure there is profit when a well is completed and starts producing. A report …
The U.S. Environmental Protection Agency wants to boost renewable fuels standards for 2017, increasing the amount of corn-based ethanol and biofuels that fuel producers will have to mix into diesel and gasoline. Under the standards announced this week, the EPA wants 18.8 billion gallons to be blended into the nation’s fuel supply next year which …
Oklahoma’s Aeronautics Commission is preparing to wrap up its application acceptance for FY 17 Aviation Education Program. Sandra Shelton with the Commission says the deadline for teachers and others to apply is May 31. The funding is part of more than $200,000 provided by the agency in the coming 12 months to programs statewide aimed …
It was a southwest Missouri case involving the theft of oil, but not the kind of oil that comes out of the ground. The last of the men arrested in a more than $5 million cooking oil theft ring has pleaded guilty in Joplin, Missouri, admitting he stole used cooking oil from restaurants and sold …
Another down week for ethanol production in the U.S. as the U.S. Energy Information Administration reports production was down 14,000 barrels a day from the previous week. The production ending May 13 averaged 948,000 barrels a day or 39.82 million gallons. The four-week average for ethanol production stood at 940,000 barrels a day which translates …
Coming out of Sen. Jim Inhofe’s Senate Environment and Public Works Committee—a bipartisan Nuclear Energy Innovation and Modernization Act. The measure will create a new licensing framework for advanced reactors at the Nuclear Regulatory Commission. Sen. Inhofe, chairman of the Committee, was jointed by Sheldon Whitehouse (D-RI), Mike Crap (R-ID) and Cory Booker (D-NJ) in …
Oklahoma Gov.Mary Fallin signed a drone bill into law this week, one defining the prohibition of flights over certain critical infrastructure facilities. She signed House Bill 2599 into law on Wednesday, the only measure to be made law that day. It will be effective Nov. 1, 2016. The unmanned aircraft bill, as it was …
American Energy Partners, LP laid off almost half of its Oklahoma City workforce as company officials announced that they would wind down business operations over the course of the next few months, according to a report published late Wednesday by The Oklahoman. “After considerable thought and discussion with Aubrey McClendon’s family and our employees, we have …
Crude oil futures stumbled on Wednesday, resulting in a turnabout by investors who were distracted by the possibility of an interest rate hike next month by the U.S. Federal Reserve, according to Bloomberg MarketWatch. June West Texas Intermediate crude slid 12 cents, or 0.3%, to end trading on the New York Mercantile Exchange at $48.19 …
