May 9, 2021 archive

US crude price moved closer to $65 a barrel

  Investors hope for another slight rebound in crude oil prices on Monday after the increase recorded on Friday both in the US and in Europe. West Texas Intermediate crude oil for June delivery finished up 19 cents to settle at $64.90 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent …

Continue reading »

Oklahoma lawmakers join the earmarks movement in Congress

  At least three Oklahoma members of the U.S. House apparently figure if Democrats are going to bring back the controversial earmark system that the late Oklahoma U.S. Sen Tom Coburn so heavily criticized, then they want to make sure Oklahoma isn’t left off the money list. Reps. Frank Lucas, Tom Cole and Stephanie Bice …

Continue reading »

A brewing Oklahoma fight over Biden’s clean energy efforts

  Reports suggest Oklahoma and the White House will clash over the Biden administration’s plan to force 100% clean electricity upon the nation by 2035. First of all, it would mean a giant step away from the fossil fuels that make up a large segment of Oklahoma’s economy and state leaders are not so eager …

Continue reading »

Energy Transfer to make windfall profits from winter storm

  Another energy supply firm that’s expecting a windfall from the deadly February winter storm that smacked Oklahoma and Texas and other Midwestern states is Energy Transfer LP. Reports indicated the Dallas company anticipates a gain of $2.4 billion from Winter Storm Uri as it cashed in on the huge prices for natural gas. Dallas-based …

Continue reading »

Evergy doubled its 1Q earnings

  Evergy, the utility that serves 1.6 million customers in Kansas and Missouri more than doubled its earnings in the first quarter of 2021 compared to a year earlier. The company said its profits were due to the exorbitant energy prices during the February winter storm that gripped the Midwest and forced utility to cut …

Continue reading »

Liberty Utilities adds another wind farm in SE Kansas

  Kansas got another wind farm online this past week. This time the wind project is in the southeast corner of the state. Liberty Utilities put the Neosho Ridge Wind Farm online in the past few days as the company entered the final phase in its largest ever renewable energy project reported KSN. Click here …

Continue reading »