CVR Energy, owner and operator of the Wynnewood refinery in southern Oklahoma and also controlled by billionaire activist investor Carl Icahn, is attempting to gain control of shares in the parent of Venezuela-owned Citgo Petroleum. Reuters made the report based on discussions with three people familiar with the matter. Icahn alaready controls nearly two …
July 2024 archive
Chevron headlines tell the whole story—in a slanted sort of way
When the U.S. Supreme Court recently announced its decision overturning the so-called Chevron decision and took away some regulatory powers from federal agencies and put it in the hands of courts for decision-making purposes—it was sort of a “STOP THE PRESSES!” moment for some news agencies. The way the headlines blared, it was the …
Crude oil finished down on Tuesday
Tuesday’s crude oil prices fell less than 1% as fears of supply disruptions caused by Hurricane Beryl eased during the day. Reuters reported earlier on Monday, WTI rose $1 to $84.38 a barrel on fears Beryl might have a wider impact in offshore oil production areas in the U.S.-regulated northern Gulf of Mexico as …
OU researchers contend climate change will increase social injustice for Native Americans
University of Oklahoma researchers point to a proposed cobalt/nickel refinery built near Lawton as an example how they contend that climate change is likely to intensify hazard risk and social injustice for Native Americans. Indian Country Today reported Native people, espcial Kiowa, Comanche and Apache tribes do not want the plant on their …
Frac sand truckers stage protest at Permian Basin plants
Frac sand truckers staged a one-day protest on Monday in West Texas by blocking entrances to frac sand mines. They demonstrated against low wages and working conditions as part of an organized labor movement in the Permian Basin. The Texas Tribune reported the labor protest demonstration was carried out in three cities—Kermit, Mohanans and …
Treasurer defends use of anti-ESG law in Oklahoma and fighting political activism
Oklahoma Treasurer Todd Russ says Oklahoma has a legitimate reason to enforce its Energy Discrimination Elimination Act and take a stand against ESG mandates and political activists. “Fossil fuels currently provide a stable energy base, and a hasty transition could jeopardize energy reliability, leading to higher electricity costs and potential shortages. By fighting against stringent …
Oklahoma and 15 other states win stay in Biden’s freeze of LNG export approvals
In a lawsuit joined by Oklahoma several months ago against the Biden administration’s freeze on new liquefied natural gas export approvals, a federal judge this week reversed the Energy Department’s freeze. U.S. District Judge James Cain in the Western District of Louisiana issued an order late Monday that DOE’s export pause would be “stayed in …
BlackRock still focused on climate investments
BlackRock Inc., still a target of Oklahoma’s energy discrimination elimination Act, took another step this week in responding to the backlash against ESG and climate-change investing. It is still focused on the climate in regards to its investments, even after Oklahoma, Texas and other states banned state investments with the firm because it discriminated …
FERC upholds flooding decision against GRDA in fight with city of Miami
At its meeting last week, the Federal Energy Regulatory Commission upheld a decision ending the long-standing flood feud between the city of Miami and the Grand River Dam Authority. It again denied Miami’s claims against the GRDA but at the same time ordered the GRDA to do more to prevent the nagging and historic …
$863 million approved for Oklahoma Road and Bridge plan
Oklahoma intends to spend close to $900 million in the coming few years on making still more improvements to bridges and county roads across the state. The Oklahoma Transportation Commission met Monday and approved $863 million in impro Oklahoma intends to spend close to $900 million in the coming few years on making still …
