U.S. oil and gas producer Coterra Energy reported a massive fall in quarterly profit on Monday as gas prices scaled back from last year’s peaks. Natural gas prices averaged 63% lower during the reported quarter compared to last year when they had soared following supply concerns propelled by Russia’s invasion of Ukraine. U.S. oil …
The Environmental Protection Agency is being sued by Iowa and Nebraska for refusing to issue final rules allowing the year-round sale of gasoline blended with 15% ethanol. Iowa Attorney General Brenna Bird filed suit n Iowa federal court, seeking to have the EPA issue regulations allowing E-15 gasoline to be sold during the summer. “The …
The Biden administration plans to set aside nearly 70,000 acres used to develop nuclear weapons and use it for renewable enrgy development in New Mexico. The land is around the Waste Isolation Pilot Plant some 30 miles east of Carlsbad but other nuclear weapons sites are included in the plan reported the Carlsbad Current-Argus. …
Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns. Brent crude futures rose $1.10, or 1.3%, to settle at $86.24 a barrel, while the U.S. West Texas Intermediate crude …
The Oklahoma Department of Commerce and Oklahoma Aeronautics Commission led a delegation of communities to exhibit at the annual EAA AirVenture show held at Wittman Regional Airport in Oshkosh, Wisconsin, according to an article in The Ada News. The Ada Jobs Foundation, Ardmore Development Authority, Bartlesville Development Authority, the City of McAlester and Tulsa International …
Texas residents experienced a power price surge on Sunday like no other in history – more than 800%! – as searing heat pushed demand toward record levels and strained supplies on the state grid. Bloomberg reported that electricity prices for the grid rose to more than $2,500 a megawatt-hour for Sunday evening, up from Saturday’s …
For the first time in 72 years, Oregon motorists can grab a fuel nozzle and pump gas into their cars on their own, since a decades-old ban on self-serve gas stations has been revoked, according to a published report by the Associated Press. Gov. Tina Kotek signed a bill on Friday allowing people across the …
With President Biden’s plans to visit Arizona, New Mexico and Utah this week, sources speculate that the purpose of the trip is to designate a new national monument protecting lands outside the Grand Canyon National Park, according to a recently published report by E&E News. Speaking on conditions of anonymity, no further details were immediately …
It’s the Dog Days of Summer and Cushing, Oklahoma – the pipeline capital of the world – is experiencing strains on its power grid due to the excessive heat. City officials are urging residents to conserve power in order to cool down substations until there is relief from the hot weather. The combination of heat …
The U.S. Securities and Exchange Commission (SEC) issued a $1.5 million fine against electric vehicle company Canoo Inc. on Friday, citing reporting failures related to substantial and unreasonable revenue projections. The SEC alleged that Canoo, former CEO Ulrich Kranz and former CFO Paul Balciunas, misled investors about the company’s financial prospects prior to its public …
