Oklahoma Congressman Frank Lucas will get a chance in the coming week to question Energy Secretary Jennifer Granholm about her agency’s policies. Rep. Lucas, chairman of the House Science, Space and Technology said Granholm will testify Thursday, September 14 during a morning hearing. The hearing will examine the U.S. Department of Energy goals and …
ONEOK, Inc. announced that the two leading proxy advisory firms, Institutional Shareholder Services and Glass Lewis & Co. , have recommended that ONEOK shareholders vote in favor of all proposals related to ONEOK’s pending acquisition of Magellan Midstream Partners, L.P. at ONEOK’s upcoming Special Meeting of Shareholders. In making the recommendations, ISS and Glass Lewis …
Gasoline prices in Oklahoma are up at least 7 cents a gallon while Oklahoma City prices rose by 9 cents in the past week, accoding to a weekend update by AAA. The national average for a gallon of gas dipped a bit following the long Labor Day weekend, falling a penny since last week …
A grant that could revolutionize aerospace education by integrating drone technology into high school classrooms has been acquired by Port Muskogee. The grant was from the Oklahoma Aeronautics Commission Aerospace and Aviation Education fund and is described as helping the Port make a significant lead toward advacing aerospace education and innovation. It will also …
Oil prices and Oklahoma energy stocks wrapped up the week’s trading on Friday with gains for the day. Crude rose 1% to a nine-month high on increasing diesel futures and continued concern about tight oil supplies. West Texas Intermediate crude rose 64 cents or 0.7% to settle at $87.51 a barrel on the New York …
** General Motors Co. made a counteroffer to the United Auto Workers union, proposing a total 16% pay raise for the top wage earners in its plants and a 56% hike for newer employees who make less, the company said in a statement. UAW President Shawn Fain reacted quickly saying the proposal is “insulting.” ** …
Texas grid operators are learning their wind power has some issues. They faced a dilema this week when record heat resulted in a major demand for electricity to run air conditioners. The problem? The electricity generated by wind power in South Texas. Click here for Bloomberg
The nation’s crude oil in storage took another drop this week and so did the amount held at the Cushing Hub in Oklahoma. The U.S. Energy Information Administration reported the nation suffered a drop of more than 6 million barrels of oil while Cushing’s total fell nearly 2 million barrels. The declines in stocks …
A stronger dollar and expectations of weaker international demand resulted in U.S. and Brent crude oil futures falling by $1 a barrel on Thursday. Oklahoma energy stocks also suffered losses for the day. West Texas Intermediate crude dropped $1 or 1.14% to settle at $86.54 a barrel on the New York Mercantile Exchange. Brent …
Another sign of how much Oklahoma’s economy has slowed in the past several months, came from State Treasurer Todd Russ who said gross receipts to the treasury for August were down nearly 9% from a year earlier. Oil and gas collections were down 60%. The totals revealed a drop of $121.8 million or 8.9% …
