The 2021 death of a 57-year old worker on the Tesla construction site southeast of Austin was one of more than 1,300 construction deaths in the state of Texas in a 10-year period. An investigation by the Texas Observer found Texas did not report the death as required by Travis County as part of …
May 2023 archive
Biden to begin refilling nation’s Strategic Petroleum Reserve
At the same hearing where GOP leaders criticized Energy Secretary Jennifer Granholm and Democrats for their “rush-to-green policies making energy unaffordable, Granholm announced the government will start refilling the drained Strategic Petroleum Reserve beginning as early as next month. It was during a recent U.S. House Energy and Commerce Committee hearing where Granholm explained …
Fast energy reads
** Politico will host its first-ever Energy Summit on Thursday. The event features conversations with Energy Secretary Jennifer Granholm, White House National Climate Adviser Ali Zaidi and Jigar Shah, director of the DOE’s Loan Programs Office. ** The nation’s coal-fired power plant fleet is projected to decline by more than half by 2050, according to the U.S. Energy …
Americans are keeping cars longer
Despite the Biden administration’s push for Americans to switch from gas to electric vehicles, car owners are balking and instead are keeping their cars longer according to a new study. The average age of U.S. cars and light trucks this year climbed to a record 12.5 years, reflecting the impact of supply constraints on …
ONEOK to move into oil transportation in $18 billion acquisition of Magellan Midstream
ONEOK announced a more than $18 billion deal to acquire Tulsa-based Magellan Midstream Partners, L.P. Magellan will be merged into a newly created 100% wholly-owned subsidiary of ONEOK and allows for the firm to move from its natural gas focused into transporting refined products and oil. In the merger agreement, valued at $18.8 billion, …
Dallas Fed President meets with Midland-Odessa leaders to talk about boom-bust cycles
Dallas Fed President Lorie K. Logan met with Midland–Odessa business and community leaders in mid-April to learn about the area’s strengths, challenges and outlook. Midland–Odessa was the fifth stop in the 360° in 365 Listening Tour, as Logan travels through the Eleventh District reaching out to local constituencies so she can represent the district in …
Gasoline prices at the pump fall in recent days
The national average for a gallon of gas drifted lower by just four cents since last week to $3.54 down just two cents in the last week. The lackluster movement can be attributed to higher demand for gasoline but a lower cost for oil canceling each other out. In Oklahoma, the gas average is …
Coalition wants FERC to ban BlackRock from using ESG against oil and gas industry
The states of Arkansas, Missouri and Texas are part of a 17-state efforts to prevent financial institutions from making investment decisions that affect the fossil fuel industry. Led by Indiana Attorney General Todd Rokita, the states have filed an effort in court to prevent the Federal Energy Regulatory Commission from reauthorizing BlackRock Inc, one …
Clarksville, Arkansas to build state’s first hydrogen-powered power plant
The first hydrogen power plant to be constructed by Syntex Industries will be a $250 million project in Clarksville, Arkansas, a city located along I-40 midway between Fort Smith and Little Rock. City leaders recently signed an agreement to build the company’s first Syntex Hydrogen Power Plant that will generate more than 500 …
GOP states plan to challenge Biden’s latest power plant rules
The Biden administration’s latest EPA proposal to target coal-and natural gas-fired power plants is under fire from Republican-led states who indicate they will challenge the plan. “Congress never authorized the president to wage war against the American people with these relentless administrative assaults on consumers and industries that supply reliable and sustainable access to …
