** Roughly 20% of electric vehicle owners in California replaced their cars with gas ones, a recent study shows. The main reason drivers made the switch was the inconvenience of charging. ** U.S. pump prices soared to seven-year highs above $3 per gallon this week despite stockpiles of gasoline surging by 10.5 million barrels over the …
June 18, 2021 archive
Baker Hughes rig count grows nationally but slips in Oklahoma
Oklahoma’s number of active oil and gas rigs in the past week declined by one while nationally activity picked up according to Baker Hughes Co. The firm released its weekly rig numbers on Friday showing Oklahoma’s count dropped by one to 27, still three times more than the 9 rigs reported active in the …
Oklahoma chosen site for Canoo EV plant
Electric vehicle startup Canoo has picked a site in Pryor to be the location for its electric vehicle plant that will employ nearly 2,000 workers. Newly appointed CEO Tony Aquila announced the selection during the company’s investor day presentation, a day set aside after Canoo became a publicly traded company through a merger with …
Harold Hamm’s $10 million purchase of company shares
Billionaire Harold Hamm might be wondering why he did what he just did this week in the nearly $10 million purchase of shares in Continental Resources, the company he founded and is still chairman. He bought 270,000 shares of Continental as prices were at their highest level since 2019. They represented his first purchase …
Heat wave pushed Texas close to electrical blackouts
Texas narrowly avoided another major electric power disaster in the past several days as the state baked under a lingering heat wave and its power grid begged consumers to conserve their electricity use. Bloomberg reports four huge power-plant upsets had the state at the brink of more blackouts. Click here for Bloomberg story.