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 …
February 2024 archive
Sen. Lankford says President’s LNG decision was “short sighted”
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 …
US House to vote whether to overturn Biden’s LNG moratorium
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 …
Study finds EVs are too heavy for US highway safety measures
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 …
Pipeline fire lit up sky in Oklahoma Panhandle rupture
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. …
Energy quick reads
** President Biden finally plans a visit next month to East Palestine, Ohio, a year after a disastrous train derailment sent dangerous chemicals into the air. The mayor of the city says Biden’s visit is too late. ** John Podesta, a senior White House adviser focused on clean energy and climate, will take over as …
Universities win Energy Departments Wind Competition
Texas Tech University with South Plains College, Kansas State University and the University Texas at Dallas are among a dozen national winners of the U.S. Energy Department’s Collegiate Wind Competition. They were picked as winners of the Phase 2 of the 2024 competition which is held every year to prepare college students for jobs …
OSU’s partners on water improvement project
Oklahoma State University researchers have partnered with other state and federal entities to improve the management of water resources across the state. OSU, the National Oceanic and Atmospheric Administration, the U.S. Department of Agriculture, Oklahoma Water Resources Center, the Oklahoma Water Resources Board and the University of Oklahoma are partnering together for a project …
New era of capital project funding in Oklahoma
The office of the State Treasurer announced the completion in the first inaugural, Legacy Capital Financing Fund from the Oklahoma Capitol Improvement Authority or “OCIA”. The act creating the states self-financing structure passed during the First Special Session of the 2023 Legislature, marking a new era of capital project funding for the state of …
Battle of the bags developing in Kansas legislature
“Paper or plastic?” Heard that in a while when shopping at the grocery store? In Kansas, a battle might be brewing in the legislature over a bill that would stop cities and towns from banning those plastic bags. A bill in the legislature is promoted by the Kansas Chamber of Commerce. It would forbid …