January 25, 2024 archive

Crude oil prices and Oklahoma energy stocks gained on Thursday

Crude oil bounced up 3% in Thursday’s trading and Oklahoma energy stocks did the same with some firms recording gains stronger than 4% for the day. It was the highest close for crude oil prices since December, thanks to faster-than-expected growth in the last quarter plus increased tensions in the Red Sea. West Texas Intermediate …

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Lawsuit challenging constitutionality of Oklahoma energy discrimination Act still in the system

    The lawsuit challenging the constitutionality of the Oklahoma Energy Discrimination Elimination Act, a suit filed with the support of the Oklahoma Public Employees Association, is apparently a long road away from going to trial—-if it ever does. OK Energy Today reported earlier in the month how State Treasurer Todd Russ asked an Oklahoma …

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Williams to release 4Q earnings…will its strong 3Q carry over?

  Williams Cos. plans to host what it calls a Clean Energy Expo in Washington, D.C. next month and release its fourth-quarter earnings report a day later. The Tulsa firm stated this week that the Clean Energy Expo in the nation’s capitol will be held Tuesday, Feb. 13 and will focus on how Williams and …

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Filings confirm BlackRock Inc. does invest in oil and gas in Oklahoma

    For a company that is banned by the state of Oklahoma from doing investments with state pension plans over its ESG discrimination of the oil and gas industry, BlackRock Inc. sure makes it appear it is doing just the opposite. As we’ve reported this week, filings with the U.S. Securities Exchange Commission revealed …

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Sen. Mullin attacks EPA’s chuminess with anti-plastics activists

  Oklahoma U.S. Sen. Markwayne Mullin used a Senate committee hearing this week to be critical of the Biden administration’s friendliness with anti-plastic activists in deciding the implementation of the Toxic Substances Control Act. It came as he questioned Dr. Feedhoff, who is the Assistant Administrator of the Office of Chemical Safety and Pollution Prevention …

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Canoo to sell EVs to US Postal Service

  Another coup for EV manufacturer Canoo. The Oklahoma City EV maker announced the U.S. Postal Service will purchase six of the battery-electric Canoo vehicles and will take delivery of the right-hand drive versions of the LDV 190 sometime in the first quarter of this year. “Our mission is to make working vehicles for working …

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Congressman on the mend after run-in with bull

  It appears Congressman Frank Lucas has recovered with a run-in about six months ago with a bull that left him with a broken pelvis. The Republican Representative is known for his farming and ranching operation in western Oklahoma and is believed to be the only active such farmer in Congress. The Oklahoman reported this …

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Republicans urge Biden to dump new fuel standards that heavily favor EVs

  Oklahoma U.S. Sens. James Lankford and Markwayne Mullin were among 43 Senate Republicans and 77 House members who urged the Biden administration this week to dump its proposed fuel economy regulations, something referred to as a de facto electric vehicle mandate. In a letter to the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), …

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Manchin rips White House over latest EV tax credit plans

  West Virginia Sen. Joe Manchin launched another attack this week on the Biden administration—this time, over the White House’s broad interpretation of who can qualify for EV charging tax credits. Said Manchin, ” it spits in the face of rural America.” The Democrat Senator issued a statement accusing the White House of going against …

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Biden delays large LNG and natural gas projects

  President Biden, under pressure from environmentalists, intervened this week in the permitting process for 17 large natural gas projects around the country and delayed a decision on a Louisiana liquefied natural gas export project that would have been the largest in the US. He told the Department of Energy to conduct more climate impact …

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