Scott and Jerry discuss more Winter Storm 2021 intrigue and Jerry takes us back to the old days of cheap gas in the 1960’s with a historical presentation on how we got to these current prices.
December 20, 2023 archive
Red Sea attacks spark more crude oil price gains
Wednesday’s trading saw another gain in crude oil prices, largely because of the growing tension in the Red Sea where ships are being attacked by Iran-aligned Houthi forces. As a result, more ships are being rerouted to a longer trip around South Africa. There was also a surprise increase in U.S. crude inventory and larger …
Crude oil stocks increased at Cushing and across the nation
Crude oil stocks rose in the past week both at the Cushing Hub in northern Oklahoma and also across the U.S. and the latest figures could have an impact on crude oil prices. The U.S. Energy Information Administration reported Cushing saw a gain of 1.7 million barrels of oil from Dec. 8 to Dec. …
Another government rule irks Sen. Lankford and others
A new federal government financial reporting requirement takes effect nationally in a few weeks and it’s prompted Oklahoma U.S. Sen. James Lankford and others to ask Treasury Secretary Janet Yellen to delay the implementation. Small business groups complained about the Financial Crimes Enforcement Network rules that will force them to collect and store confidential personal …
Arkansas Oklahoma Gas customers face possible rate increase
Oklahoma regulators will meet Thursday to consider whether to approve a more than $1 million base rate increase for the Arkansas Oklahoma Gas Company affecting its nearly 15,000 customers in Oklahoma. An Oklahoma Corporation Commission Administrative law judge recommended an increase of $1,055,850, down from AOG’s original request of $1,352,783 made in April …
Petroleum storage tank rules to be considered at technical conference
Oil and gas operators in Oklahoma will have to deal with more rule changes proposed by the Oklahoma Corporation Commission and some of its divisions. The Office of General Counsel, Judicial Services, Finance Division, Oil and Gas Conservation Division, Petroleum Storage Tank Division, and Transportation Division are hosting the second technical conference on Thursday, December …
FERC and others say Texas relies too much on natural gas for its electric grid
The electric grid in Texas, already criticized for its weakness in the 2021 Winter Storm Uri and severe weather the following year relies too much n uatural gas-fired backup generators after blackouts. It’s the opinion of the Federal Energy Regulatory Commission, the North American Electric Reliability Corp (NERC) and six regional entities covering 400 …
ONE Gas and national gas group challenge Biden administration’s new furnace rules
The American Gas Association, whose members include ONE Gas in Oklahoma, is putting up a challenge to the Biden administration’s regulations against natural gas furnaces. The Association contends the rules will affect more than half of all U.S. households that rely on natural gas for home heating and that includes a lot of Oklahomans. …
White House to decide whether year-round E15 gasoline sales will be allowed
It’s now up to the White House whether an EPA recommendation to expand sales of higher-ethanol gasoline in some Midwestern states will be adopted. The Environmental Protection Agency proposed the expansion of E15 or gasoline with 15% ethanol in March. It suggests year-round sales of the gasoline in Illinois, Iowa, Minnesota, Missouri, Nebraska, Ohio, …
Energy quick reads
** The natural gas industry is challenging the Biden administration over its regulations targeting traditional gas-powered residential furnaces, which a rulemaking energy groups says will impact more than half of all U.S. households. ** Western Caucus Vice Chair Doug Lamborn (CO-05), joined by Chairman Dan Newhouse (WA-04) and Rep. Blake Moore (UT-01), introduced legislation to rescind the …
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