The State Supreme Court handed a victory to the Oklahoma Turnpike Authority in the legal fight with a group of Norman residents fighting a proposed turnpike route their their neighborhoods. The Oklahoman reported the court ruled the Authority did not violate Oklahoma’s open meetings law in February 2022 when it withheld route details of …
June 1, 2023 archive
Brecheen’s “no” vote on debt deal based in part on green energy subsidies
Oklahoma Congressman Josh Brecheen laid out his reasons Thursday for voting against the debt limit deal reached by House Speaker McCarthy with President Biden. One of his reasons? “This deal leaves in place green energy tax credit subsidies that will cost taxpayers $1.2 billion over the next decade, while pushing natural gas utilization aside,” …
Lucas and Cruz worried about delays and costs of weather satellite program
Ever since he became chairman of the House Science, Space and Technology Committee, Oklahoma congressman Frank Lucas has become involved in a long list of topics ranging from weather data, to withheld energy information at the White House. This week, he and Texas U.S. Sen. Ted Cruze sent a letter to the U.S. Government Accountability …
Cushing sees another gain in crude oil storage
Both the U.S. and Cushing hub reported gains in the total of crude oil in storage in the past week. The U.S. total grew by more than 4 million barrels of oil, reaching a total of 459.7 million barrels, reported the U.S. Energy Information Administration. It had been 455.2 million as of May 19. …
Crude oil and Oklahoma energy stocks recorded gains on Thursday
Thursday’s gains in crude oil prices amounted to about 3% and took Oklahoma energy stocks on the climb as well with some stocks seeing 6% gains for the day. The crude oil gain came ahead of this weekend’s OPEC+ meeting on Sunday. U.S. West Texas Intermediate crude (WTI) rose $2.01, or 3%, to settle …
Quarterly dividend declared by Unit Corporation
Shareholders in Tulsa’s Unit Corporation got the news this week they were being awarded a quarterly dividend, just as the company announced in January. The company’s Board of Directors announced Thursday the dividend would total $2.50 per share of common stock for the second quarter of 2023. The dividend will be paid on June …
Headlines
** A draft study led by Columbia University climate scientist James Hansen suggests that the recent rise in temperatures doesn’t come from greenhouse gases at all, but from the reduction in sulfate aerosols since the early-2000s. ** In the final hours of their spring session last week, lawmakers approved a controversial measure that would give existing power …
BLM spending millions to restore western federal lands
The Biden administration’s latest big green spending project is $161 million to restore ecosystems on federal lands in 11 Western states including New Mexico and Colorado. Twenty-one sites, described as restoration landscapes, were chosen by the Bureau of Land Management, headed by Director Tracy Stone-Manning. “We worked hard to identify areas where restoration investments …
Exxon Mobil and Chevron shareholders reject “green” energy efforts
Shareholders of Exxon Mobil Corp and Chevron Corp said a resounding “no” this week to calls for more climate-related plans. In other words, they resisted pressure from some investor groups that wanted the giant energy firms to follow the same “green” path taken by some energy companies in Europe. Reuters reported in some cases, …
Water Resources Center promotes new monthly water seminar series
The Oklahoma Water Resources Center is planning a NEW monthly water seminar series called “Water You Talking About?” These monthly water seminars will take place on the third Thursday of every month from 12 p.m. to 1 p.m. Each month we will feature a new researcher or water professional to share their research, discuss …