Oklahoma City-based Loves Travel Stops Company won’t sponsor this year’s Oklahoma PrideFest and Parade because the organizers embraced the Free Palestine stance. The Oklahoma City Public School District did the same thing, pull its support of the parade. Loves was clear why it opposed funding the parade. “—Love’s made the decision last week …
June 2024 archive
EPA finally settles lawsuit over 2015 Gold King mine blowout
It was nine years ago when an EPA project in southern Colorado led to the disastrous event that became known as the Gold King Mine blowout, where millions of gallons of acid mine waste were released in to the Animas River. It not only caused an environmental disaster in Southern Colorado but in New …
Nearly half of EV owners “regret” their switch from gas cars
Here’s an eye-opener about EV owners. A new survey says nearly half of the owners of electric vehicles in the U.S. aren’t happy with their purchase and regret making the switch from gasoline-powered vehicles to EVs. Released this month, the Mobility Consumer Pulse for 2024 conducted by McKinsey & Co., the survey found that …
Energy briefs
** Here’s where more of your money is going. The Biden administration announced Wednesday $375 million in funding for renewable energy projects, predominantly through the Inflation Reduction Act (IRA). The funding, announced by Agriculture Secretary Tom Vilsack, includes $275 million through the Powering Affordable Clean Energy (PACE) program, an IRA program devoted to renewable electrification in rural …
Oil execs predict continued oil company consolidations will lead to lower oil production
Oil company executives surveyed by the Federal Reserve Bank of Dallas predict there will be a decline of US oil production—-if the corporate-acquisition spree continues across the shale sector. More than 50% of them said they see lower domestic crude output, especially if the consolidation of oil and gas firms continues for the next …
New AEP chairman named
The parent company of Public Service Company of Oklahoma just got a new President. American Electric Power’s Board of Directors has elected William J. “Bill” Fehrman as president and chief executive officer, effective Aug. 1, 2024. Fehrman, 63, is AEP’s 13th president and ninth CEO in the company’s 118-year history. He will succeed Ben Fowke, …
Lessening Demand Results In Lower Sticker Prices For EVs
The gap between the price you pay for your new or used internal combustion engine vehicle and an EV is shrinking. The demand is off despite federal government incentives. The average price of a new EV in May was $56,648, a drop of 15% from two years ago. Used EV prices have cratered by 42% …
Update: OCC delays decision on request from utility
Members of the Oklahoma Corporation Commission have decided they need more time for research before ruling on a request from Public Service Company of Oklahoma. PSO had asked the Internal Revenue Service to rule on a deferred tax expense program two years ago. The utility finally got a response recently. If the OCC approved the …
Closing Prices: Oil Prices Settle Higher Despite Surprise Report
Oil prices settled a little higher Wednesday despite an unanticipated increase in US gasoline supplies. Brent crude futures were up 24 cents to settle at $85.25 per barrel. West Texas Intermediate crude futures settled at seven cents higher at $80.90 per barrel. Rising tension between Israel and Hezbollah in Lebanon have worried investors that an …
Cushing sees a drop in crude oil storage while the US recorded a gain
The U.S. saw a gain in crude oil stocks while the amount held in storage at Oklahoma’s Cushing Hub declined. The U.S. Energy Information Administration reported the U.S. saw a gain of 3.6 million barrels of crude oil, from 457.1 million barrels recorded on June 14 to 460.7 million barrels as of June …
