Yes, another surprise move in the growing controversy over a judge’s ruling to suspend Oklahoma’s Energy Discrimination Elimination Act. How much research did lawmakers do when they passed the state’s now-suspended anti-ESG law? This week we discuss how Jerry’s eyebrow-raising report reveals little if any economic analysis went into the consideration of the legislation that is …
May 27, 2024 archive
Short week ahead for crude oil trading following last Friday’s gain in prices
A short week of trading lies ahead for crude oil prices following the long Memorial Day weekend and after they gained 1% on Friday’s trading. Prices rose for the day but still finished the week down because of continued concerns over high interest rates in the U.S. West Texas Intermediate crude gained 85 cents or …
Rig counts declined in Oklahoma and Texas
Oil and gas rig counts fell in Oklahoma, Texas and the nation in the past week, reported Baker Hughes in its most recent announcement released last Friday. Oklahoma’s count dropped by one to 43 as the state approached the 46 rigs it had a year ago. Nationally, the count declined by four, leaving 600 …
What? CBS criticizes Buttigieg for slow progress on EV charging network
Someone other than Fox News has started holding the Biden administration accountable for the lack of progress in the billions of dollars being spent on a nationwide EV charging network, one that is to include development of chargers in Oklahoma. It happened over the weekend on the CBS Sunday morning show, Face the Nation, …
Attorney General wants bond to be posted by retiree who sued state over energy Act
Oklahoma Attorney General Gentner Drummond figures if you’re going to sue the state over its Energy Discrimination Elimination Act, then you better be prepared to follow the law and put up the money. In light of an Oklahoma County Judge’s recent suspension of the enforcement of the Act, a ruling in a lawsuit filed …
Energy Workforce agrees with House GOP Representatives critical of Energy Secretary
An oil and gas group agreed with Kentucky U.S. Rep. James Comer who recently blasted the Biden administration during a committee hearing where Energy Secretary Jennifer Granholm testified about the administration’s effort to promote electric vehicles. Energy Workforce & Technology Council President Tim Tarpley targeted Granholm for not offering more details about the LNG export …
Rep. Bice and others worry about reported weather radar data outages
Congresswoman Bice (R-OK) led a letter with 7 of her colleagues, to Director Kenneth Graham of the National Weather Service (NWS). The letter expresses concerns on reported outages pertaining to radar data, the Automated Surface Observing System, and transmitters of NOAA Weather Radio. “On multiple occurrences this year, some of NWS life-saving services, including radar data, the …
New officers at OERB
The Oklahoma Energy Resources Board (OERB) announced new officers recently elected to serve on the board of directors. Joe Brevetti has been elected as the Chairman of the Board of Directors, bringing with him over 40 years of experience in the oil and natural gas industry as the managing partner of Charter Oak Production …
Nearly 100 college scholarships handed out by OERB
A record-breaking amount of scholarship dollars will be awarded to students at state universities studying petroleum-related fields. With a steadfast dedication to supporting the next generation of leaders, the people of Oklahoma Oil and Natural Gas are announcing $539,500 in scholarship funds will be awarded to 97 students for the 2024-2025 academic year. The …