Russia’s decision this week to curb oil output and its attacks on natural gas lines in Ukraine resulted in higher crude oil prices in Monday’s trading. Ukraine’s attacks on Russia’s energy infrastructure also added to increased prices. At the same time, Oklahoma energy stocks recorded gains for the day. West Texas Intermediate crude rose …
March 25, 2024 archive
Cole remains critical of President’s freeze on LNG port permits
In a recent Washington update, Oklahoma Congressman Tom Cole delivered another blast critical of the Biden administration’s latest “Green New Deal” gift—-the President’s freeze on new permits for LNG export terminals. “This short-sighted decision was nothing more than a political move to placate environmentalists at the expense of the American people and our economic …
Another roundtable discussion planned by Oklahoma oil and gas regulators
Another division of the Oklahoma Corporation Commission is planning to hold a roundtable discussion with members of the state’s oil and gas industry. The Oil and Gas Conservation Division announced it will hold an Industry Roundtable meeting on Monday, April 1 at 1:30 p.m. The purpose of the meeting is to promote engagement …
Oklahoma electricity rates are 7th lowest in the nation
Oklahoma’s average electricity prices are falling, according to the latest numbers from the Energy Information Administration. The State’s average rate of 12.28 cents per kilowatt hours, as of December 2023, fell from a December 2022 rate of 12.44 cents per kilowatt hours. The rate is ranked 7th lowest in the U.S., behind number one …
Commissioner asks “where’s the beef?” about audits of ratepayer-backed utility bond issues
Nearly six months after a one-page audit of ONG’s $1.3 billion February 2021 Winter Storm ratepayer-backed bond financing was sent to the Governor, Oklahoma legislative leaders and the Oklahoma Development Finance Authority, Corporation Commissioner Bob Anthony still can’t believe no one wants a more in-depth audit. In a filing this week, the commissioner expressed …
Snow in the Panhandle and freezing weather still with parts of Oklahoma
Don’t put out those tomato plants quite yet. Hard freezes are coming in Oklahoma. It’s the latest word from Oklahoma Climatologist Gary McManus. “That’s okay though (it’s not really, but humor me). We’re still a week or three away from our average last spring freeze,” he wrote in his Monday morning Mesonet blog. He …
Texas Congressman wants power grid sharing with Oklahoma and other states
If a Texas congressman is successful, his state’s power grid known as ERCOT, the Electric Reliability Council of Texas, would be able to connect to neighboring power grids such as Oklahoma to receive emergency power when it is needed. U.S. Rep. Greg Casar’s “Connect the Grid Act” would help Texas reduce the possibility of …
More than a dozen lawsuits are filed over the Texas Panhandle wildfires
Lawyers gathered over the weekend in the Texas Panhandle to hold a town hall meeting to focus on the more than a dozen lawsuits filed in the wake of the deadly and destructive wildfires. Most have been filed against Xcel Energy and blamed it for causing the fires that burned more than a million …
GOP Senators hit Treasury Secretary Yellen with more tough budget charges
First there was the tough round of questions from Oklahoma U.S. Sen. James Lankford and now Republican Senators have sent a pointed letter with accusations to Treasury Secretary Janet Yellen. Lankford challenged the administration’s new tax code for not allowing business expenses for oil and gas producers. Then 24 Senate Republican accused the administration …
Rep. Lucas says Commerce Department and not FAA should handle commercial space development
The FAA or the Commerce Department—-who should be in charge of commercial space development? The FAA leaders argue it should be split responsibility between the Commerce Department and the Federal Aviation Administration. Oklahoma Congressman Frank Lucas, chair of the House Science, Space and Technology Committee, says no, it should totally be in the hands …
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