A rumor of what Reuters called “false market speculation” drove crude oil prices down as much as 2.7% on Thursday. The rumor? One that Israel had agreed to a Gaza ceasefire proposal. When the news could not be confirmed West Texas Intermediate crude futures, considered the U.S. benchmark, dropped $2.03 or 2.7% to $73.82 a …
New Mexico Gov. Michelle Lujan Grisham is taking some of the credit for the EPA’s decision to classify “forever chemicals” as hazardous waste under federal law. The EPA announced two new proposed rules to ensure that certain per-and polyfluoroalkyl substances or PFAS are hazardous waste under federal law. New Mexico’s Environmental Department, in a …
A city councilman in Oklahoma City has been named to the National League of Cities 2024 Transportation and Infrastructure Services Committee and it means he’ll play a role in development of the organizations policies. The appointment of Ward Councilmember Mark Stonecipher was announced this week. As a member of NLC’s Transportation and Infrastructure Services …
What sparked the controversial movement to create a rail system carrying crude oil from eastern Utah’s Uinta Basin across Oklahoma and to Cushing where it would eventually be transported to Gulf Coast refineries? Turns out it was something of a reclusive Texas oil man who convinced others to develop the Uinta Basin. His name? …
Environmentalists are growing excited over the number of charging stations installed across the U.S. One report says there is now one quick charging station for every 16 gas stations in the nation. An estimated 1,100 new public fast-charging stations were installed in the second half of 2023 which represents a 16% increase, reported Bloomberg which …
Phillips 66 announced fourth-quarter earnings of $1.3 billion, compared with earnings of $2.1 billion in the third quarter, earnings that beat expectations. Excluding special items of $102 million, the company had adjusted earnings of $1.4 billion in the fourth quarter, compared with third-quarter adjusted earnings of $2.1 billion. In addition, the company provided an …
In the midst of negotiating for a solution to the tens of thousands of illegal immigrants streaming over the Texas border, Oklahoma U.S. Sen. James Lankford is also attempting to persuade the Biden administration to reverse the moratorium it put on LNG ports, a move that angered the industry and members of Oklahoma’s congressional …
Oklahoma’s U.S. House members who railed after President Biden created a delay last week on approval of 17 major natural gas projects to create LNG and ship it to Europe, will have a chance in the coming weeks whether to overturn the President’s order. One Republican lawmaker told Bloomberg there will be a vote …
Studies by the University of Nebraska revealed another issue with electric vehicles….the way highways are designed for safety might not be enough because of the extra weight that EVs carry due to their large battery. Crash test data released by the university shows EVs typically weight more than gas-powered cars and can easily crash …
A natural gas pipeline rupture Tuesday night near the Oklahoma Texas border in the Oklahoma Panhandle sent flames shooting nearly 500 feet into the air. It was in Beaver County, just north of the small Texas Panhandle town of Darrouzett where the flames lit up the night sky for miles around the area. …
