Can’t wait until Sunday when temperatures hit the 80s? It’ll be far from the freezing weather the state experienced Tuesday morning. Oklahoma Climatologist Gary McManus wrote that the state has a history of cold, cold weather in March. He noted in his Tuesday morning Oklahoma Mesonet newsletter that for some, the freezing temperatures …
March 26, 2024 archive
Crude oil and Oklahoma energy stocks fell in Tuesday’s trading
Not only did crude oil prices settle lower on Tuesday but Oklahoma energy stocks did as well. Observers say the fall in crude happened after investors re-thought the impact of Russian refinery capacity in the country’s war with Ukraine. West Texas Intermediate crude finished down 33 cents or 0.4% at $81.62 a barrel on …
Baltimore bridge collapse brings back memories of Oklahoma’s 2002 I-40 bridge collapse
The tragic tanker collision that brought down the Baltimore, Maryland bridge and perhaps claimed six lives was a stark reminder of a similar incident that occurred 22 years ago in eastern Oklahoma. However, instead of half a dozen lives lost, 14 people were killed when a barge hit the I-40 bridge over the Arkansas …
BlackRock’s Larry Fink says company’s investment policies are not discriminatory
“BlackRock has never supported divesting from traditional energy firms.” That’s the claim BlackRock’s Larry Fink made in his annual letter to employees as the company fights claims in Oklahoma and other oil and gas producing states that the firm’s ESG policies are discriminatory. Entitled “Time to Rethink Retirement,” the lengthy letter included Fink’s comments about …
Canoo acquires manufacturing equipment from bankrupt EV firm Arrival
Canoo, the EV manufacturer in Oklahoma City, is taking advantage of a competitor’s bankruptcy and acquiring its manufacturing equipment to be used in Oklahoma. Canoo has acquired what is labeled as “advanced” manufacturing equipment from bankrupt commercial EV startup Arrival headquartered in Europe. A report indicates that the equipment is packed into more than 20 …
Lithium production leads to questions about lack of regulation
An investigation by Reuters into the nation’s lithium development found a confusing mix of who might regulate such large projects as those in southern Arkansas’ Smackover play. It found for example that in Oklahoma, no one seems to know who might regulate any lithium projects. The Oklahoma Corporation Commission contends it has no …
Construction worker killed on I-35 work zone in northern Oklahoma
A driver who might have fallen asleep at the wheel led to the death of one construction worker and injuries to two others Monday morning on Interstate 35 near Tonkawa in northern Oklahoma. The Oklahoma Highway Patrol identified the dead constrution worker as Jacob Matuszczak, 19, of Wichita, Kansas. He worked for Wildcat Companies, …
Industry watchdogs believe glut of gas will cause more flaring in Permian Basin
Environmentalists fear there will be an increased amount of flaring of natural gas in the Permian Basin because of a mild winter and a glut of cheap gas. And some Oklahoma firms are among those being watched closely over their Permian Basin operations. “They have to get rid of the gas because it’s going …
Texas House committee to investigate Biden’s LNG port freeze
Texas legislators have launched their own investigation into President Biden’s recent freeze on future LNG export permits, a White House move that angered not only the oil and gas industry but states such as Oklahoma where there is a heavy presence of the industry. Texas House speaker Dade Phelan announced this week he has formed …
Energy quick reads
** A major bridge in the US city of Baltimore collapsed early Tuesday after being struck by a container ship, sending multiple vehicles and people plunging into the frigid harbor below. Dramatic footage showed a 300-meter vessel hitting the Francis Scott Key Bridge, bringing the steel-built structure crashing into the Patapsco River. ** An aluminum company has …
- 1
- 2
