The nation’s railroad conductors union voted Monday against the labor deal President Biden brokered weeks ago and now the U.S. stands close to being hit with a nationwide strike before the holidays. Oklahomans could be faced with no rail transportation after Dec. 9 if no agreement is reached with the rail workers. Such a …
November 2022 archive
North Dakota Oil and Gas Commission to rename “squaw” oil field
While the federal government under the Biden administration announced in September the completion of the removal of the name “squaw” from 650 places on federal lands, some states are still working on the same elimination. For instance, the North Dakota Industrial Commission announced such a move on the docket for a Dec. 14 hearing. …
PSO’s $2.5 billion renewable energy plan will result in cost to consumers
The recently announced move by Public Service Company of Oklahoma to request state permission to acquire $2.5 billion in renewable energy sources means higher utility bills for its customers. Documents on file by PSO with the Oklahoma Corporation Commission show the utility is expecting its consumers to foot the bill. How much? Between about …
Federal Reserve bank reports slowdown in Oklahoma manufacturing
A new Federal Reserve Bank report shows manufacturing activity in Oklahoma and other states that make up the Tenth District declined in the past month. The Kansas City Federal Reserve Bank Survey also said expectations for future activity “were mostly flat or slightly positive.” Regional factory activity continued to decline at a steady rate …
Study says Oklahoma should have adequate winter supplies for electrical power
The same group that was critical of Oklahoma’s bond securitization plan to cover 2021 Winter storm costs is out with its winter outlook which says Oklahoma should not have the power supply problems like it did last year. The North American Electric Reliability Corporation issued its 2022-2023 Winter Reliability Assessment for the approaching winter. While the …
Buttigieg’s visit with New Mexico tribal leaders wasn’t so friendly
Transportation Secretary Pete Buttigieg got an earful from Native Americans when he visited New Mexico this past week. Tribal leaders demanded federal funds to fix their roads and to repair the broken agreement with the federal government. ““The so-called federal responsibility is not met for these tribes,” one leader told Buttigieg according to the …
Canoo wants $1 million from OKC to locate manufacturing plant in the city
Electric vehicle manufacturer Canoo wants $1 million from Oklahoma City before it brings a manufacturing operation to the city. The Oklahoman reported the EV maker will create 550 jobs over three years in exchange for the financial assistance. Canoo wants to locate the plant at the former Terex telehandler plant located near I-40 and …
Completion reports for November 18, 2022
completions: none were processed today
Permits to drill for November 18, 2022
permits: none were processed today
Crude oil finished the week with a 2% loss
Crude oil dropped nearly 2% in Friday’s trading, making for a second weekly decline. What caused the drop? Again, weakened demand in China because of growing COVID-19 cases. Adding to it was the growing possibility of hikes in U.S. interest rates. West Texas Intermediate crude for delivery in December dropped $1.56 a barrel or …
