Despite being supported by Oklahoma’s US House delegation, a bill passed by the House Appropriations Committee to fund military construction at Oklahoma’s military installations, the White House indicates it might veto the bill. The White House apparently raised concerns about “partisan” amendments targeting LGBTQ Americans and access to abortion. U.S. Rep. Tom Cole chairs …
June 2024 archive
OPEC+ sends US crude oil prices down to four-month low and OK energy stocks followed
When OPEC+ decided to continue its production cuts into 2025, it sent huge shock waves through crude oil trading and prices in the US dropped to a near four-month low. Oklahoma energy stocks suffered as well with one firm recording an 11% loss in Monday’s trading. Crude prices dropped more than $2 a barrel because …
Tornado count hits 100 in Oklahoma for 2024
Make it 100 tornadoes in Oklahoma so far this year. The National Weather Service issued a report showing there were at least 43 tornadoes during May after 55 were recorded in April. Two tornadoes were reported in March. The storms also resulted in four more fatalities last month making a total of eight so far …
Regulators to hold special meeting on ONG’s $32 million request
A special meeting of Oklahoma regulators will be held Tuesday morning regarding a request for a $32 million increase in charges for customers of Oklahoma Natural Gas…charges that would amount to another $29 more a year for most customers. The 10 a.m. hearing on rate case PUD2024-000010, will be before an Administrative Law Judge …
Crude prices dropped early in trading after OPEC+ decision to extend production cuts
The weekend decision by OPEC+ to extend its deep oil output cuts into the coming year sent crude oil prices tumbling by more than $2 a barrel in Monday’s trading. Trading sent prices down to new lows as West Texas Intermediate, the US benchmark fell nearly 4%. OPEC and allies led by Russia have …
Southwest Power Pool grid anticipates plenty of electricity for summer demand
Southwest Power Pool (SPP), responsible for coordinating electric reliability in a 14-state area in the central United States, including Oklahoma, expects to have enough generation to meet energy demand despite higher regional temperatures this summer. “As a regional transmission organization, SPP’s top priority is to ensure reliability” said Bruce Rew, SPP senior vice …
Corporation Commissioners get the power to exclude public from some meetings
One of two bills directly affecting Oklahoma Corporation Commissioners made it through the legislature and was signed into law while the other died quietly in a committee. One bill will exclude the public and close the door on certain discussions. What passed? A measure called the Corporation Commission Efficiency Act. The measure that will …
Texas is among world’s top oil producers
If Texas were a separate country, it would be the third largest oil producer in the world. It was the focus of an interesting part of the daily column produced by economist Steve Moore and his Committee to Unleash Prosperity. Moore recently wrote that the claim was verified by the latest annual oil prodution figures …
Representatives file bill to block Biden administration’s anti-oil and gas regs
Two U.S. Representatives from Colorado and Wyoming have taken on a fight against the Biden administration’s efforts to curtail oil and gas production on federal lands in their states. Reps. Lauren Boebert of Colorado and Harriet Hageman of Wyoming announced the introduction of a joint resolution of disapproval under the Congressional Review Act to …
OGE and OKC Zoo reading program resumes to help Monarch butterfly population
Oklahoma Gas and Electric is cooperating again with the Oklahoma City Zoo and the group Read for Adventure in the 8th year of a reading encouragement and library program. Beginning this week, the program that encourages students to read while at the same time helping to create monarch butterfly gardens, got underway at more …
