The target of the AG’s fraud suit stemming from that Winter Storm 2021 probe punches back. Plus a controversial bill that opponents say will lessen transparency at the OCC is signed into law. We discuss both topics in depth on this week’s MitchellTalks Energy w/Jerry Bohnen. Click below MitchellTalks Energy w/Jerry Bohnen | The target …
June 9, 2024 archive
Investors hope for improved crude oil prices
Crude prices in the US managed to nearly hold their own on Friday’s trading while Oklahoma energy stocks suffered losses including some with 6% and 7% drops in the values of their stocks. West Texas Intermediate crude slipped 2 cents on Friday to $75.33 a barrel on the New York Mercantile Exchange. Global benchmark …
Stunning impact of OGE rate hike request
While the average residential customer will be forced to pay another $19 a month if Oklahoma Gas and Electric wins approval of its $332 million rate hike request, it’s nothing compared to what one businessman will pay. The Oklahoman reported over the weekend that the 13.85% increase on property manager Rick Dowell’s operations …
ODOT Commissioners move ahead with I-35 six-lane expansion in southern Oklahoma
Approval of continued expansion of Interstate 35 to six lanes in southern Oklahoma was one of the high-lights of the recent meeting of the Oklahoma Transportation Commission. The $40 million project located near Thackerville was one of many projects included in the $2.5 billion budget for the Transportation Department. The expansion to six …
Rep. Lucas seeks expansion of nation’s geothermal energy efforts
Oklahoma Congressman Frank Lucas thinks it’s time the U.S. did more to promote the development of the nation’s geothermal energy. As chairman of the House Science, Space and Technology Committee, he joined Oregon Democrat, Rep. Andrea Salinas in introducing legislation to advance supercritical geothermal energy. “Oklahoma is a national leader in geothermal energy so I’m very …
Some shareholders demand more details of Southwestern Energy’s merger with Chesapeake Energy
Not all is right with the world for some of the shareholders of Southwestern Energy as the company prepares to merge with Oklahoma City’s Chesapakeae Energy in a more than $7 billion deal. The Houston-based company revealed in a filing with the Securities and Exchange Commission that it received “seven demand letters from purported …
Congresswoman challenges environmentally-friendly cities to end fossil fuel use and see how long they get along
Wyoming Congresswoman Harriet Hageman apparently isn’t afraid to challenge environmentalists and green energy supporters as witnessed by her latest “put your money where your mouth is” reply. In recent comments during the Wyoming Mining Association’s annual convention in Cody, Rep. Hageman said if the liberals of the country want to eliminate fossil fuels, then …
Lithium source presents conundrum for environmentalists
Those who believe strongly in green energy and against fossil fuels are, as the old saying goes, “between a crack and a hard place” when it comes to the discovery of a new source for lithium, the mineral used in the development of batteries for electric vehicles. The source? Wastewater from fracking. So environmentalists …