An $11 billion program by the Biden administration to fund electrification of rural America is being described as the biggest such effort since FDR signed the Rural Electrification Act in 1936 as part of his administration’s New Deal. The funding to electrify and at the same time decarbonize rural parts of the U.S. would …
May 16, 2023 archive
Solar developers vow to leave Texas if legislature adopts restrictive rules and regulations
Several Texas solar developers say they’ll consider shifting their operations elsewhere if state lawmakers pass legislation enforcing new permitting restrictions and fines on solar and wind projects. The utility-scale solar and wind market was dealt a blow to the head when a Texas senate group voted 21-9 in favor of SB 624, a state bill which …
Biden’s plan to lease federal lands to conservationists draws opposition and criticism
The Biden administration is working hard to deflect criticism from Republicans, ranchers and the oil and gas industry who contend a proposal to allow conservationists and others to lease federally owned land to restore it is just another way of excluding oil drilling and livestock grazing. Under the plan, the same leases that can …
EV threat of ethanol prompts Rep. Bice to join in bipartisan ethanol promotion act
Oklahoma Congresswoman Stephanie Bice joined a handful of others others in the House this week in a bipartisan move to allow corn-based ethanol to qualify as an “advanced biofuel”, an effort to boost the gasoline additive’s green credentials. Bice joined another Republican in the House, Rep. Mariannette Miller-Meeks of Iowa along with two Democrats, …
Anadarko Basin oil and gas production holding steady
New government reports show slight increases in oil and gas production in the Anadarko Basin and other producing regions of the U.S. Information from the U.S. Energy Information Administration indicated new well oil production in the Anadarko went from 665 barrels a day on average in May and is expected to increase to 666 …
Energy briefs from the US and the world
** At least three Democratic lawmakers are criticizing the Biden administration’s tax credit guidance for domestic manufacturing incentives, with some saying it could give leeway for Chinese solar parts. Sens. Joe Manchin (D-W.Va.) and Ron Wyden (D-Ore.) and Rep. Marcy Kaptur (D-Ohio) released statements in recent days criticizing the guidance that was released on Friday. ** The U.S. …
Empire Petroleum saw increased sales in 1Q but still recorded a loss
Empire Petroleum reported a 4% increase in sale of oil volumes in the first quarter of the year but also recorded a net loss of $2.5 million or 11 cents a share. Volumes sales rose to 2,206 barrels of oil equivalent a day compared to 2,112 Boe/d in the first quarter a year earlier. …
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