September 8, 2019 archive

Falling rig count results in growing concerns in Oklahoma

  Many Oklahomas are out of work and the economy is hurting. “I have been worried for some time now,” said Russell Evans, Associate Professor of Economics, Executive Director, Steven C. Agee Economic Research & Policy Institute at Oklahoma City University. Mainly because the oil and natural gas industry, the largest source of the state’s …

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Cigarette butt leads to arrest 3 years after violent pipeline protests in North Dakota

DNA from a cigarette butt has led to the arrest in North Dakota of a man wanted for taking part in a riot three years ago in protest of the Dakota Access pipeline. The riot resulted in hundreds of thousands of dollars in damage. Morton County prosecutors also charged Lawrence Malcolm Jr., 23, of Sisseton, …

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Italian firm attempts to buy Energy Transfer gas pipeline

Reuters reports that Italy’s Snam is working on a bid for a stake in a $6 billion natural gas pipeline in the United States in what would be the gas group’s first foray outside Europe. The Milan-based company, controlled by state lender Cassa Depositi e Prestiti, is carrying out due diligence to buy a 33% stake …

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Rocky Mountain High isn’t so clean

Colorado took the unusual step of inviting the U.S. Environmental Protection Agency to downgrade the air quality rating of the state’s biggest population center, and not everyone thinks that was a good idea according to the Associated Press. The EPA held a hearing Friday on whether to lower the ozone status of Denver and eight …

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Warren vows to ban fracking if elected President

On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands. And I will ban fracking—everywhere. Sen. Elizabeth Warren. The promise from Oklahoma’s own Elizabeth Warren, the Massachusetts Democratic Senator who’s running for President is to …

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Oklahoma’s economy is still growing but oil and tax revenue is slowing

Oklahoma’s economy isn’t just zipping along but it continues to show growth, despite a slowdown of oil and gas tax receipts and a slight drop in income tax collections. It’s the summary offered by State Treasurer Randy McDaniel as he announced the August gross receipts to the treasury were up 3.2 percent compared to August …

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