While Kentucky is getting a $2 billion electric vehicle battery factory to be built by a Japanese company and Hyundia plans to invest $300 million to add an electric vehicle assembly line at its Alabama plant, a Spanish EV manufacturer is starting construction of a new plant in Arlington, Texas. Wallbox, the Barcelona-based manufacture …
April 14, 2022 archive
Lawsuit could affect wind industry growth in Iowa
A lawsuit by a tenant farmer in Iowa has the potential to change wind energy construction in Iowa. It’s a suit the wind industry is watching closely. The issue involves the tenant farmer who opposed construction of a wind farm on the land he leases even though the land owner approved of the project. …
US and World energy headlines
** The Russian invasion of Ukraine and the resulting increase in gas prices is responsible for most of the record increase in US inflation last month, US President Joe Biden says. “Seventy percent of the increase in prices in March came from (Russian President Vladimir) Putin’s price hike in gasoline,” Biden says during a visit …
Increase in crude stored at Cushing hub
U.S. crude oil supplies grew this week and the same could be said of the crude in storage at the Cushing hub in northern Oklahoma. The U.S. Energy Information Administration reported the amount of crude held at Cushing increased by 400,000 barrels to reach a total of 26.3 million barrels as of April 8, …
IPO boosts Kaiser’s wealth to $9 billion
Tulsa billionaire George Kaiser increased his fortune by more than $1 billion with a recent public offering of his Excelerate Energy inc. The Bloomberg Billionaires Index shows the IPO added $1.4 billion to his fortune and increased his net worth to $9.2 billion reported Bloomberg. Click here for Bloomberg
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