As the threat of a Russian invasion of Ukraine became more imminent on Friday, crude oil trading responded in a big way. So did Oklahoma energy stocks. West Texas Intermediate crude for March delivery jumped $3.22 or more than 3.5% to finish Friday’s trading at $93.10 a barrel on the New York Mercantile Exchange. …
February 2022 archive
Kansas judge okays price gouging lawsuit against BP
Residents of the small southeast Kansas town of Mulberry have been given the go ahead for their price gouging lawsuit against energy giant BP following a $51,000 bill after the February Winter Storm even of 2021. A Crawford County judge has dismissed BP’s motion to dismiss the lawsuit, ruling that the residents have every …
Kansas legislature wants price gouging probe of winter storm
While calls are still being made for the Oklahoma Attorney General to do a price gouging investigation after the 2021 February winter storm, the Kansas legislature is getting serious about it. The State House had near-unanimous support for a resolution endorsing investigations of potential price gouging during the storm reported the Kansas Reflector. Click …
Headlines of other energy stories
** GasBuddy says we haven’t seen anything yet when it comes to rising gasoline prices, which now average $3.47 a gallon in the U.S. It predicts higher prices this summer. ** The Tennessee Valley Authority, the nation’s largest public power company is launching a program to develop and fund new small modular nuclear reactors as part …
Rig growth reported in Oklahoma and the U.S. per Baker Hughes
Rig activity in Oklahoma is growing more according to the latest weekly rig count supplied by Baker Hughes. The company’s report on Friday showed Oklahoma gained 3 rigs in the past week to reach a total of 53. The state’s oil and gas plays also reflected the growth with the Granite Wash remaining at …
House committee Republicans raise concerns about scientific integrity violations by White House science advisor
Led by Oklahoma Republican Rep. Frank Lucas, Republicans on a U.S. House Committee are demanding some answers about growing concerns regarding Dr. Jane Lubchenco, the Deputy Director for Climate and Environment at the White House Office of Science and Technology Policy. What raised the concerns of Lucas, Rep. Stephanie Bice and other GOP members …
Kansas enacts $1 billion incentive plan in race with Tulsa for big plant
Kansas Gov. Laura Kelly isn’t waiting to see who might land a mystery company promising to build a $4 billion operation and bring 4,000 jobs with it. She’s signed a $1 billion financial incentive package into law knowing that reports indicated the mystery firm was also supposedly considering Tulsa as a site. No …
Oklahoma to share in Biden’s $5 billion EV charging network plan
Oklahoma will receive an estimated $66 million under President Biden’s $5 billion plan unveiled this week to create a growing EV charging network across the nation. The U.S. Energy Department provided a state-by-state breakdown of money under the 5-year plan. It listed Oklahoma has receiving $66,296,972 under the new National Electric Vehicle Infrastructure (NEVI) Formula …
Oklahoma’s DEQ threatened with lawsuit
Oklahoma’s Department of Environmental Quality is being threatened with a lawsuit because for the second time, the agency has failed to meet a deadline to file pollution reduction plan under the Clean Water Act. The Sierra Club is among those environmental groups wanting to haul the agency into court reported News 9 TVin Oklahoma …
Plains All American CEO predicts more crude oil growth in Permian
Oil and gas exploration by all of those Oklahoma energy companies and others in the Permian basin of West Texas is expected to result in an annual crude oil production of more than 600,000 barrels a day in the coming years. It’s the prediction of pipeline giant Plains All American Pipeline LP reported Bloomberg. …
