Governor Kevin Stitt, House Speaker Charles McCall, and other Oklahoma dignitaries have attended the opening of a battery recycling plant in Atoka. Green Li-ion says it has a patented process to deal with what is called “black mass.” The more efficient approach avoids the need to send materials overseas for more processing, reducing production time …
June 25, 2024 archive
Closing prices: High inventory levels make oil traders nervous about summer demand
While US households stay upbeat about the labor market and expected moderation of inflation, gas prices could start to rise if demand goes down. Reuters reports US consumer confidence decreased in June. That reality combines with high inventory levels to make oil traders nervous about summer demand for fuel. US crude stocks advanced 914 thousand …
Internal battle over public records still active inside OCC
The internal battle over public information continues inside the Oklahoma Corporation Commission. An hour into Thursday’s meeting, Commissioner Bob Anthony spent more than 15 minutes criticizing a news release from the Oklahoma Universal Service Fund that he said “blamed” ratepayers who protested the issuance of Winter Storm 2021 securitization bonds for resulting higher costs. Anthony …
Judge opens the door for climate change lawsuit against oil industry in Colorado
A Colorado Judge has cleared the way for local governments to move ahead with their lawsuit wanting to hold oil and gas companies accountable for climate change damages. District Judge Robert R. Gunning ruled in the case of the lawsuit filed six years ago by the city of Boulder against Exxon Mobil and …
Devon Energy top bidder in auction of Permian Basin land
A Bureau of Land Management sale of public land in New Mexico and Kansas to oil and gas operators netted nearly $34 million and Oklahoma City’s Devon Energy was the largest bidder for some of the land in the Permian Basin. Devon acquired a 480-acre tract of land in Lea County in a bid …
Residents organize to fight 30,000-acre wind farm in east Texas
East Texas residents are not happy about a proposed 30,000-acre wind farm near their homes. KTRH Radio in Houston reports they’ve organized with a grassroots effort called Stop Fannin-Lamar Wind. Click here for KTRH Radio
Who received most of the $50 billion in green energy government handouts?
As economist and journalist Stephen Moore points out this week in his daily Unleash Prosperity Hotline courtesy of the Committee to Unleash Prosperity, billions and billions of dollars have been handed out by the federal government for green energy projects. He says most of it went to the richest Americans: The federal government has …
Uinta Railway might still have a chance with the Supreme Court
A controversial rail line to carry oil from eastern Utah across Colorado still might have life after the U.S. Supreme Court agreed this week to consider an appeal of a lower court ruling that stopped the project. The 88-mile Uinta Basin Railway had initially received government approval but counties challenged the approval and …
Energy briefs
** Flooding on the Blue Earth River in Minnesota breached the Rapidan Dam Monday morning and it’s now in an “imminent failure condition,” officials said. Le Sueur County residents in low-lying areas of the Minnesota River Valley are advised to closely monitor the situation and potentially evacuate, according to the county’s emergency management office. ** US West …
Inflation slows Gulf Coast LNG projects
Rising inflation and a shortage of skilled labor are being blamed for delays in some LNG projects along the Gulf Coast. At least five liquefied natural gas projects in Texas and Louisiana and another 16 others are on the drawing board looking for investment and customers. Reuters reports however, that labor costs have …
