** ConocoPhillips COP has been granted financial approval for its Willow oil and gas drilling project in Alaska, with a budget of $8 billion. Following the approval, the company has initiated winter construction. Residents of Alaska are now experiencing the positive outcomes of responsible energy development. ** Samsung Electronics Co. has delayed mass production plans at its new …
December 26, 2023 archive
House members concrned about EPA Greenhouse Reduction fund spending
US House Science, Space, and Technology leaders raised concerns with the Environmental Protection Agency’s implementation of the Greenhouse Gas Reduction Fund (GGRF). Environment Subcommittee Chairman Max Miller and Investigations and Oversight Committee Chairman Jay Obernolte wrote a letter to EPA Administrator Michael Regan about potential unfair advantages granted in GGRF awards. The GGRF was intended to …
Crude oil prices rose 2% in Tuesday’s trading
Crude oil prices recorded a more than 2% gain on Tuesday, the highest level this month. Oklahoma energy stocks also made gains in the days trading following more attacks on ships in ther Red Sea. West Texas Intermediate crude went up by $2.01 or 2.7% to close at $75.57 a barrels on the New York …
Tax cut bills filed by Oklahoma House Speaker
Oklahoma House Speaker Charles McCall, R-Atoka, has filed multiple pieces of legislation regarding personal income tax cuts ahead of the upcoming session of the Oklahoma Legislature. The bills are the latest in a series of tax cut plans that the House has filed and passed throughout the last three years. “Everyday Oklahomans continue to …
Lankford talks of “unfair taxes” on oil and gas companies
In citing some of his efforts in Congress, Oklahoma U.S. Sen. James Lankford pointed recently to protecting Oklahoma energy companies from what he labeled as”unfair taxes.” The Senator says the unfair taxes arose from the efforts of Democrats who allow restaurants, repair shops or other store operators to deduct normal business expenses, but not …