The amount of crude oil stored at the Cushing hub in northern Oklahoma saw a slight gain in the past week. The U.S. Energy Information Administration reported Wednesday that Cushing held 26.9 million barrels of oil as of October 21, a gain of about 700,000 barrels compared to the previous reporting date of Oct. …
October 27, 2022 archive
Coffeyville Refinery wins partial victory in Clean Air fight with Kansas
Ten years after the Coffeyville Resources Refining & Marketing company in Kansas agreed to a $1 million EPA fine for air emissions violations, the company finds itself back in court where it recently scored a partial victory. Once again, the refinery, known as CRRM, finds itself accused of violating the Clean Air Act, even …
Federal agency accused of “inaction” to protect prairie chickens in Southwest
The U.S. Fish and Wildlife Department stands accused in a lawsuit of failing to finalize proposed protections for the lesser prairie chicken that exists throughout the Southwest and in Oklahoma. But some of those protections are opposed by the oil and gas industry in New Mexico which argues there could be potential economic harm …
More energy headlines
** Bloomberg reported this week that, based on data it had compiled, the collective profits of Exxon, Chevron, Shell, BP, and TotalEnergies for the last quarter would come in at $50.7 billion. This is palpably lower than the record $62 billion the five supermajors reported for the second quarter—drawing the ire of politicians—but it is still a large number …
Strike remains a possibility after second rail union rejects contract agreement
Another railroad union has rejected a deal with major U.S. freight railroads, raising the specter that a nationwide rail strike remains a possibility in December. The Brotherhood of Railroad Signalmen reported nearly 61% of its members voted against the five-year contract, becoming the second rail union to turn down the deal more than a …
Congresswoman Bice joins movement in blaming Biden for nation’s energy crisis
Oklahoma Congresswoman Stephanie Bice is the latest of Oklahoma’s congressional delegation to blame President Biden for the energy crisis in this country. In a column released this week, the Republican Representative said very much like Sen. James Lankford wrote earlier in the week, that the country’s energy power all changed the first day Biden …
Biden now considers steps to avoid lower diesel fuel reserves
Even as the White House continues drawing oil from the nation’s Strategic Petroleum Reserve, there is growing speculation the Biden administration might take even more drastic steps in considering the U.S. reserve of diesel fuel. Such things as curbs on exports or requiring private companies to maintain their own minimum inventory levels according to …
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