April 26, 2022 archive

US crude prices back above $100

  Tuesday saw a rebound by crude oil prices in the US and in Europe. West Texas Intermediate crude for June delivery went up $3.16 to $101.70 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude increased $2.67 and settled at $104.99 a barrel on ICE Futures Europe. May natural …

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Oklahoma regulators to meet Thursday

  The Oklahoma Corporation Commission will meet Thursday morning to consider a special tariff that Public Service Company of Oklahoma says will help reduce the cost of their electric services to certain participating customers. Under the  Voluntary Curtailment Event tariff, customers will have the option of curtailing usage during high energy market prices. PSO filed …

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EPA nominee pulled by White House

  POLITICO reported the White House on Monday withdrew the nomination of Amanda Howe to run EPA’s Office of Mission Support. “The White House and EPA did not return questions about the withdrawal. Howe, a longtime Democratic official in Virginia and New York City, sailed through committee in December in part because OMS is primarily …

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States move to take liability for underground storage of carbon dioxide

  With the growth of more projects involving underground storage of carbon dioxide, there’s also a movement toward who to hold for liability and accountability in years to come. At least four states have passed laws over the last year that allow companies to transfer responsibility for carbon storage projects to state governments after the …

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Biden administration drags feet on new federal drilling rules

  The release of the Biden administration’s new oil and gas regulations for drilling on federal lands continues to be behind schedule and the Interior Department isn’t commenting about it. E&E News reports the Interior Department hasn’t moved on several proposed rulemakings on energy issues. Click here for E&E News

EV car sales are on the increase in Colorado

  Sales of electric vehicles in Colorado are on the increase, reaching nearly 9% of the state’s car sales so far this year compared to 2021. EVs comprised 8.6% of the car sales according to the Colorado Sun, and much of the improvement was due to a major increase in the sales of Teslas. Click …

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Dividend announced by Williams

  On the same day of the company’s annual shareholders meeting, Williams announced an increased dividend for the second quarter. The company’s board of directors approved a regular dividend of $0.425 per share or $1.70 annualized on the firm’s common stock. It will be payable on June 27 of this year to holders of record …

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Oklahoma jumps into race for Panasonic battery plant with signing of $700 million incentives bill

  Oklahoma Gov. Kevin Stitt put his name on Monday to a bill to spend up to $700 million on incentives to attract what is believed to be a prospective $4 billion Panasonic battery production plant to the state. Oklahoma and Kansas are reported to be the two finalists in contention for the plant that …

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Volume six of Sen. Lankford’s Federal Fumbles

  Senator James Lankford (R-OK) announced the sixth volume of his federal waste book, Federal Fumbles: Ways the government dropped the ball. It includes how the government is mishandling sales of oil from the Strategic Petroleum Reserve and how electric vehicles are not paying their fair share to use our highways. The report highlights waste and …

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Headlines of other energy stories

** The Biden administration on Monday overturned a controversial Trump-era policy that would have opened new swathes of Arctic Alaska to oil development. The Bureau of Land Management (BLM), part of the Department of Interior, resurrected Obama-era management policies in the National Petroleum Reserve in Alaska, a 23-million-acre (9.3 million hectare) area on the western side of …

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