Crude oil dropped 3% in Wednesday’s trading as investors grew more worried about the potential for increased interest rates by central banks. Oklahoma energy stocks were mixed. West Texas Intermediate crude for April deliveries dropped 3% or $2.41 per barrel and closed at $74.05 on the New York Mercantile Exchange. Global benchmark Brent crude …
February 2023 archive
Corporation Commissioners to reconsider billions in ONG fuel costs
Corporation Commissioner Bob Anthony managed to convince his two fellow regulators that maybe it would be a wise decision to go back and review the billions of dollars in fuel adjustment costs sought for approval by Oklahoma Natural Gas Company. The Commissioners voted 3-0 Wednesday in a special meeting to strike from consideration the …
Feds okay restart of fire-damaged Freeport LNG plant
Despite getting approval from the Federal Energy Regulatory Commission to reopen some of its commercial operations at its Texas plant, Freeport LNG indicated it could be months before the plant is full operational. It’s been 8 months since a fiery blast in June knocked the LNG export plant offline. Click here for Reuters
New House members unafraid to jump on Biden’s climate policies
“It’s clear that the Biden administration and radical left want to impoverish Americans.” The declaration of criticism of President Biden’s agenda against the fossil fuel industry came recently from Florida U.S. Representative Anna Paulina, a freshman member of the House. She jumped right into the discussion during a hearing of the Natural Resources Committee. …
Farm freedom bills passed in Oklahoma House Committees
Rep. Carl Newton advanced two pieces of legislation out of House Committees on Tuesday that would expand freedoms and protections for state farmers and ranchers. House Bill 1962 would allow any person age 14 to 16 who lives or is employed on a farm to apply for a farm permit authorizing them to …
BlackRock still has ties to Texas agency despite discrimination against oil and gas
The Teacher Retirement System of Texas apparently hasn’t wiped its hands clean of a controversial relationship with BlackRock Inc., the firm that preaches sustainable investing rather than loaning money to oil and gas operations. The state forced the Retirement System last year to sell all its shares in BlackRock because of the discriminatory practices …
Energy briefs
** The Biden administration is ordering Norfolk Southern to clean up after a train derailment spilled chemicals and officials are eyeing new rail reforms after the wreck. ** Democrats have joined the criticism of US Transportation Secretary Pete Buttigieg over his mishandling of the Palestine, Ohio train derailment and chemical disaster. David Sirota, a former speechwriter for …
Report says wind power potential is growing in Oklahoma and other states
A new report by the nonprofit news group Climate Central says the wind power potential in the Midwest is growing. It currently ranks Oklahoma second most with wind farm operations and renewable energy production, behind Texas and ahead of Iowa. The report ranked Kansas as number five and it certainly got the attention of …
Halliburton expands board with naming of 2 more directors
Two new directors to Halliburton Company’s board of directors were announced this week. Janet Weiss and Maurice Smith were named to the board and both will stand for election by shareholders at Halliburton’s annual meeting on May 17. The appointment of Weiss and Smith increases the number of Halliburton directors to 13, of …
House Science Committee and Rep. Lucas to explore competition with China
Oklahoma Congressman Frank Lucas and the House Science, Space and Technology Committee he chairs plan to hold hearings into the U.S. and its competitiveness with China. Two University of Oklahoma weather experts will be among those to testify at the Tuesday, February 28 hearing on Capitol Hill. “The United States’ economic growth, global influence, …
