** Lumber prices have pulled back sharply from astronomical heights in recent weeks as homeowners have redirected their spending from building decks and replacing flooring to going out to eat, drink and shop after Covid-19 rules were eased in the US. Lumber prices have plummeted 48 per cent to $875 per thousand board feet from a …
June 21, 2021 archive
$100 oil? It’s the prediction of Bank of America
While oil is hovering at the $71 to $72 a barrel level, Bank of America Corp. is out with a prediction that crude prices will surge to$100 a barrel next year. Bloomberg reports that Bank of America believes global oil consumption will outstrip supply in 2022 as the economic recovery from the pandemic boosts …
Texas power companies automatically raised the temperature of customers’ smart thermostats
A Houston television station reports that Texas power companies got around the heat wave demand for more electrical power to run air conditioners by remotely raising the thermostats of their customers. KHOU 11 reported that some of the power companies remotely adjusted the smart thermostats of their customers—-customers who said they had “unknowingly” agreed …
SD Wind Turbine Factory Closure Affects More Than 300 Families
More than 300 South Dakota wind turbine factory workers will join the ranks of the unemployed as Molded Fiber Glass has announced it is permanently closing operations in less than two months. The closure announcement comes as a blow to energy sector employees in a state that also lost jobs when President Biden issued an …
Shell Selling Permian Basin Assets After Adverse Dutch Verdict?
Is Shell eyeing a massive sell off in the Permian Basin? A recent Reuters story reveals Royal Dutch Shell Plc is reviewing its holdings in the largest oil field in America, a possible sale involving 260,000 acres that could raise as much as $10 billion. Last month, a Dutch court ordered Shell to revamp the …
Stitt Reviewing Short List of Replacements for State Attorney General Post
In the wake of former Oklahoma Attorney General Mike Hunter’s resignation, The Oklahoman reports that Governor Stitt is carefully considering a replacement for the state’s top legal post. Some of the potential candidates under consideration may include: Ryan Leonard is an Oklahoma City attorney who serves as the governor’s special counsel for Native American affairs …
AG’s Office Weighs In on Favorable Louisiana Energy Decision
The Oklahoma Attorney General’s Office recently issued a press release stating that a Louisiana federal judge has sided with a group of states — including Oklahoma — who have challenged President Joe Biden’s attempt to disrupt America’s energy industry through an executive order. Judge Terry Doughty issued a preliminary injunction blocking the Biden Administration’s effort …
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