The Biden administration’s plan to possibly sell more oil from the nation’s Strategic Petroleum Reserve not only is questioned by some lawmakers but by a man considered to be a market guru—Larry McDonald. He contends the U.S. is “playing with fire” and said so after reports surfaced this week that the President is considering …
** United Auto Workers President Shawn Fain said Wednesday that offers from the companies aren’t enough and the union is getting ready to strike. In an online address to union members, Fain said General Motors, Ford and Stellantis have raised their initial wage offers, but have rejected some of the union’s other demands. ** Top White …
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permits: none were processed today
Crude oil prices fell Wednesday as stocks in the U.S. increased in the past week, reported the government. But not in the Cushing hub in Oklahoma. The U.S. Energy Information Administration recorded a gain of 4 million barrels since September 1. The total in storage was 420.6 million as of September 8, up from …
Permian operators are drilling shorter wells, blunting the effects of rising costs of oil and natural gas production, reports the U.S. Energy Information Administration. Shorter wells help mitigate higher prices for inputs such as iron and steel tubing. In particular, these operators are moving away from drilling deep wells, which take longer to drill …
After hitting a 10-month high, crude oil prices dropped in Wednesday’s trading, largely because of a surprise increase in U.S. crude inventories. US Benchmark West Texas Intermediate crude fell 32 cents and settled at $88.52 after hitting a session high of $89.64 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude slipped …
Oklahoma Congresswoman Stephanie Bice took issue with another Biden administration proposed policy—that of making ceiling fans more energy efficient. She wrote Secretary of Energy Jennifer Granholm, urging her to withdraw the proposed rule, saying it is “heavy-handed” and will “only increase costs for the public and small businesses, all while making the summer …
A request for a rate hike by Oklahoma Natural Gas will be reviewed by Oklahoma Corporation Commissioners on Thursday and if approved will result in an increase of $2.46 a month for an average residential customer. The $26,296,719 base rate increase is part of ONG’s Performance Based Rate Change Plan submitted earlier this year. …
The decision by Kansas energy company Evergy to delay a move to close a coal-fired power plant at Lawrence, Kansas didn’t go over well with residents. More than 100 protested this week outside the City Hall and rallied for clean energy and urged Eveery to close the power plant. Every backtracked on its …
