Members of an Oklahoma Senate Committee want to know more details about what led to Michelin’s decision announced this week to close its tire production plant in Ardmore, a move that will put 1,400 employees out of work sometime in 2025. The Senate Select Committee on Business Retention and Economic Development plans a hearing …
October 28, 2023 archive
Rig numbers remain steady in Oklahoma while nation sees slight gain
Oklahoma’s oil and gas rig count held steady in the past week while the national total increased by one to 625. Baker Hughes Co. released its weekly Rig Count on Friday showing a pickup of 2 oil rigs to reach a total of 504 while the number of gas-drilling rigs declined one to 117. …
PSO hands out free LED light bulbs
Public Service Company of Oklahoma (PSO) says it will distribute 122,000 free LED bulbs to Oklahoma families this year. In the past 10 years, PSO’s Shine a Light program has distributed almost 1 million energyefficient bulbs, which last longer and use less energy. For PSO customers, that has meant more than $3 million in …
Rivian meets quietly about more of Biden’s Green Energy handouts
While EV maker Canoo has relied on millions of dollars in incentives offered by the state of Oklahoma and the city of Oklahoma City, another strugging EV maker, Rivian is doing its best to take advantage of the Biden administration’s green energy slush fund. It was reported that Biden’s clean energy czar, John Podesta …
EV maker Canoo is bleeding cash
After being told the state of Oklahoma would offer $100 million in incentives in August, EV maker Canoo has seen its stock plummet in price. Trading closed at 26 cents a share on Friday as the car maker moved ahead with transforming a former plant in west Oklahoma City into a manufacturing plant. It …