A group of scientists is reporting that carbon dioxide levels in the atmosphere are increasing at rates 10 times higher than an any time in the last 50 thousand years. The group from Oregon State University made the determination by analyzing ancient Antarctic ice. That work revealed a pattern of abrupt climate shifts and …
May 2024 archive
Thursday produced another gain in crude oil prices
Crude oil prices rose a second straight day in Thursday’s trading. West Texas Intermediate crude for June delivery gained 60 cents to settle at $79.23 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark settled up 52 cents at $83.27 a barrel on ICE Futures Europe. June natural gas rose …
Western Caucus Of House Alarmed By BLM Proposed Changes
Members of the US House of Representatives’ Western Caucus are calling the revamp of the 2012 Western Solar Plan by the Bureau of Land Management an effort to hard legacy industries. US Representative Harriet Hageman of Wyoming says it’s nothing more than a “land grab.” Members oppose changes that would take 162 million acres of …
FERC Adopts New Rule To Increase Energy Capacity To Meet Growing Demand
The Federal Energy Regulatory Commission has adopted a new rule to increase the nation’s energy capacity to meet a rapidly growing demand. Utilities and regional grid must work together to create 20-year plans to death with that growth. The FERC says the country’s “aging grid is being tested in ways … never seen before.” …
Crescent Energy Agrees To Buy SilverBow Resources For $2.1B
A $2.1-billion-dollar purchase just announced would make Crescent Energy Company a leading operator in the Eagle Ford shale region of Texas. Crescent has agreed to acquire SilverBow Resources Inc. That would result in Crescent being the second-largest operator there with what its CEO, David Rockecharlie, calls an attractive and balanced portfolio of stable, low-decline, and …
Texas Readies Lawsuit Over EPA Rules On Greenhouse Gas Emissions
Texas is preparing to file a lawsuit against the EPA over its new rules on greenhouse gas emissions. The Railroad Commission has voted to refer the new rules to the attorney general’s office to suggest a legal challenge in federal court. Railroad Commission Chair Christi Craddick calls this “another baseless attack on the oil and …
Report: US Natural Gas Supply Would Last 1,000 Years
Our natural gas won’t be running out any time soon. A report from the Institute for Energy Research finds the US has 1.66 trillion barrels of technically recoverable resources. The IER says if even half that amount proves to be recoverable the country has more than a thousand-year supply of natural gas. Continue reading… …
State updates VW settlement plan
Oklahoma’s Department of Environmental Quality is offering the public to view an update in the way it is spending millons of dollars in settlement money from Volkswagen. The DEQ announced the new update for public review and comment of its Volkswagen Settlement Beneficiary Mitigation Plan (BMP). The BMP is a high-level plan describing how Oklahoma …
Electricity rates keep rising and FERC’s actions didn’t help claims national energy spokesman
Inflation might have eased in recent months but one national group wants you to know—it did nothing to slow the rise of electricity rates. And one national energy leader says don’t expect a slowdown, thanks to action this week by the Federal Energy Regulatory Commission. Paul Cicio, Chair of the Electricity Transmission Competition Coalition, …
Conservative think tank critical of attorney behind energy discrimination lawsuit
Conservative think tank Oklahoma Council of Public Affairs pointed out recently the constitutional challenge to a state law banning financial firms from discriminating against the oil and gas industry is also a leading official with the Oklahoma Bar Association. The OCPA explained that former state Rep. Collin Walke, an Oklahoma City Democrat, is the …
