The number of solar operations in the state of Missouri grew by 32% in the past year, according to a new report. At the same time, Climate Central found there was a decline in wind generation and it led to an overall drop in power from the two renewable energy sources. Missouri’s 32% gain …
April 2024 archive
Cheniere reports major drop in LNG available for export
The nation’s largest producer of liquefied natural gas, Cheniere Energy, reported a major drop on Tuesday in the amount of US LNG for export. Owner and operator of the Midship natural gas line that carries natural gas from Oklahoma’s STACK and SCOOP plays to the Gulf Coast, Cheniere stated the drop in demand occurred at …
Macquarie putting billions into wind energy projects
Macquarie Group, the same company sued by the state of Kansas following the 2021 Winter Storm Uri and also under investigation by the state of Oklahoma is pouring billions into an offshore wind project through one of its divisions. Macquarie Asset Management, the asset management division of Macquarie Group , is investing $50 …
Energy quick reads
** Biden administration estimates show that the US government could spend more than $1.8 trillion over ten years on energy tax subsidies, if they are made permanent. These costs could increase even further as new regulations, such as the recently finalized tailpipe emissions rule and proposed power plant rule, force greater adoption of tax credit‐eligible technologies. ** The …
Oklahoma joins fight against Honolulu lawsuit against energy industry
Oklahoma Attorney General Gentner Drummond is among 20 GOP Attorneys General to join a fight against Honolulu in its lawsuit blaming the “global climate crisis” on the oil and gas industry. Drummond and the others, led by Alabama Attorney General Steve Marshall, contend the case in Hawaii could have “grave” consequences for American energy …
Government holds off on latest purchase to refill Strategic Petroleum Reserve
Efforts by the Biden administration to refill the nation’s Strategic Petroleum Reserve after the President used it to lower gasoline prices two years ago were delayed this week. The administration’s Energy Department said it was not moving forward to buy oil amid rising prices. It said it was doing so and “keeping the taxpayer’s …
Crude oil prices make more gains over increased attacks on Russian oil refineries
Crude oil prices rose nearly 2% in Tuesday’s trading after news of more Ukrainian drone attacks on Russia’s third largest refinery. The conflict in the Middle East also added pressure to increased prices. West Texas Intermediate crude for May settled up $1.44 or 1.7% to $85.15 a barrel on the New York Mercantile Exchange. At …
Oklahoma’s oil and gas tax revenue fell in March
The amount of gross production tax revenue from Oklahoma’s oil and gas production took another hit in March. State Treasurer Todd Russ reports the tax totaled $1.12 billion, down $901.2 million or 44.6% for the same 12-month period. He said total tax receipts for the past year through March came to $16.85 billion, a …
Utility rate hikes likely to be a big political issue in coming state elections
The issue of utility rate hikes in Oklahoma is becoming more and more a “hot button” political issue, hot enough that some feel certain controversial bills in the legislature haven’t moved because candidate filings are taking place for the remainder of the week. There’s the matter of whether legislators are hesitant about progressing …
Candidates prepare to line up at the Capitol and one of them is a familiar face in Corporation Commission races
The Oklahoma State Capitol will be a busy place this week as hundreds of candidates for federal, state and legislative offices make their filings with the Oklahoma State Election Board. The filing period is April 3, 4 and 5, daily from 8 a.m. to 5 p.m. One man who intends to be there, …