Crude stocks dropped again across the U.S. and at the Cushing Hub in the past week. According to a report issued by the U.S. Energy Information Administration, the U.S. total in crude oil stocks dropped dramatically from 429.9 million barrels as of January 12 of this year to 420.7 million barrels on the 19th …
January 2024 archive
PSO wants to increase power resources
Public Service Company of Oklahoma (PSO) has issued a Request for Proposals (RFP) seeking additional generation resources. The RFP seeks up to 1,500 megawatts of additional power generating capacity to be in service no later than December 15, 2028. The RFP includes all sources, such as natural gas, wind, solar and energy storage proposals. …
Oklahoma ranks high for a state to start a new business
A new study by Global Entrepreneurship Monitor shows Oklahoma is the 14th best state in the U.S. to start a new business. Nearly 1 in 5 working adults was a new business owner as of 2022 – up from 12.8% a decade earlier, and the highest rate in at least 20 years, according to the Global …
Governor wants to expand artificial intelligence in Oklahoma
Oklahoma Gov. Kevin Stitt says “Oklahoma truly could be the AI capital of the nation.” He’s released the recommendations of his AI Task Force and wants artificial intellilgence to become a mainstay for the Oklahoma economy. The Task Force suggests the implementation of AI could make the state government more efficient and also support …
Williams hires Biden nominee to be chief Capitol Hill lobbyist
Donald Cravins, Jr. (Photo: Business Wire) Williams Cos. announced this week it managed to grabbed a long-time government offiial and hired him to be Head of Government Affairs and Outreach in Washington, D.C. where he will be the company’s chief lobbyist on Capitol Hill. Donald “Don” R. Cravins, Jr., has been named Head of …
Water shortages developing in Oklahoma small towns
A report by KOCO TV News indicated that several towns across Oklahoma are dealing with water shortages. The Oklahoma Rural Water Association indicated at least five towns in the state reported the need to save water in the past few days. Lawrence Wortham, mayor of Perry said the city water supply “is depleted to …
BlackRock also owns shares in OGE
Still another SEC filing shows BlackRock, Inc. the firm on Oklahoma’s banned list for encouraging an ESG policy that discrimnates against the oil and gas industry, has ownership in yet another Oklahoma energy firm. The latest filing is by OG&E which showed BlackRock with ownership of 24,893,403 shares or 12.4% of the utility. As …
Kansas oil tycoon known for his OSU support dead at age of 95
Just as the late oilman T. Boone Pickens was a major contributor to Oklahoma State University and its football stadium, another oilman, Cecil O’Brate did the same for the school’s baseball program. The Kansas oil and gas tycoon died last weekend at the age of 95. He developed his wealth as a farmer in …
One of largest Buc-ee’s travel centers is about to open south of Fort Worth
Okay, Buc-ee’s has yet to build one of its wildly popular highway stops in Oklahoma. But one of the growing company’s latest is about to open in Hillsboro, Texas, midway between Fort Worth and Waco and along I-35. One report suggested the grand opening will be part of a once-in-a-lifetime historic event. The Fort …
Energy quick reads
** For many drivers of EVs, premature tire wear has become an unexpected black mark on vehicles promoted as a green climate-friendly option to gas-gulping cars. ** US household utility debt is at a record high as more Americans struggle to cope with rising heating and cooling costs. ** Plug Power Inc. surged the most …