When Scott Mitchell talks energy, you just never know where the discussion will go. In the latest edition of “Mitchell Talks Energy,” he and OK Energy Today’s Jerry Bohnen delve into the latest debate at the Oklahoma Corporation Commission and how the political differences among the 3 commissioners are growing a little tense. Plus, …
April 6, 2023 archive
Crude oil made slight gains on Thursday while OK energy stocks recorded losses
Crude oil prices on Thursday made only slight gains for the day but for the third week in a row, they recorded gains. Oklahoma energy stocks had losses in the day’s trading. Markets didn’t express a lot of optimism and analysts continued to worry about more OPEC+ production cuts and falling U.S. oil inventories. …
Whistleblower retaliation by Commerce Department probed by Lucas and others on House Committee
Reports of retaliation by the Commerce Department against whistleblowers are being investigated by Rep. Frank Lucas and others on the House Science, Space, and Technology Committee. Together with Ranking Member Zoe Lofgren of California, Lucas and California Republican Congressman Jay Obernolte sent a letter to the Inspector General at the Commerce Department. They notified …
New Fort Sill and Lawton Science and Technology center opened with ceremony
U.S. Sen. James Lankford and Rep. Tom Cole were on hand this week for the ribbon-cutting ceremony for a new center which will serve as a site for collaboration between the private sector and defense industry at Fort Sill. The ceremony was for the opening of the Fires Innovation Science and Technology Accelerator (FISTA) …
Latest rig counts indicate slowdown in Oklahoma and other oil and gas states
The latest oil and gas rig count provided by Baker Hughes Co. offered another indication of a slowing economy as numbers declined from the previous week. Baker Hughes on Thursday reported a decline of four rigs leaving the nation’s total at 751. Oklahoma’s count also fell, decreasing by one to 58. A year ago, …
Canoo leadership vows to start EV production in Oklahoma this year
Despite quarterly losses totaling into the tens of millions of dollars and delays in promised manufacturing in Oklahoma, Canoo CEO Tony Aquila made assurances this week that the jobs will be coming yet this year in the state. In Tulsa this week, he explained why Canoo has decided to making a battery-module assembly plant …
New Mexico’s U.S. Representatives couldn’t bring themselves to vote for Lower Energy Costs Act
We know that all Oklahoma members of the U.S. House voted for the recently-approved Lower Energy Costs Act but what about those from another oil-producing state—-New Mexico? All three New Mexico Representatives are Democrats and they voted against the Republican-sponsored measure that is designed to speed up oil and gas projects in the U.S. …
Quick reads of other energy developments
** Sen. Tim Scott (R-SC) is asking the Biden administration to delay new energy standards for mobile homes set to go into effect at the end of next month. In a new letter to Energy Secretary Jennifer Granholm given exclusively to Yahoo Finance, Scott said “this costly and misguided regulation” will squeeze low-income Americans who will be “unfairly …
Democrat joins Sen. Lankford in expressing concerns about Chinese land purchases in U.S.
Oklahoma U.S. Sen. James Lankford’s recent call of alarm about the increased Chinese purchases of U.S. land, some near military installations, got a show of support this week from Democratic Congressman Raul Grijalva. Rep. Grijalva, the former chairman of the House Natural Resources Committee, sent a letter to Secretary of Agriculture Tom Vilsack warning that …
State Treasurer hints at signs of a slowing state economy
Sound but moderating. It’s the picture of Oklahoma’s economy described by State Treasurer Todd Russ as he announced that total gross receipts in 2022 to the treasurer rose to a new high. Oil and natural gas production helped with the increase. The Treasurer’s Office reported gross production tax collections for the year produced $2.02 …
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