The oil and gas industry is in the middle of the Presidential campaign with former President Trump seen as a major supporter of Oklahoma’s oil and gas operators while Democratic Vice President Kamala Harris seen as an extreme opponent. One of the issues is fracking. Four years ago, Harris was an avid supporter …
July 2024 archive
Crude oil prices finished down on Friday
Crude oil prices dropped again on Friday with a 1% decline for the day as investors continued to express concerns about demand in China. The decline came despite reported improved economic growth in the U.S. For the week, West Texas Intermediate crude dropped 3.7% while Brent’s decline was 1.8%. For the year, the …
Cushing Hub is important in international crude oil pricing
Just how important is Oklahoma’s Cushing Hub in the overall consideration of crude oil prices around the world? It plays more of a critical role than some might consider—at least based on a recent Reuters report. Some observers believe oil prices in the U.S. are not likely to rebound in the coming few months—unless …
Mississippi gets its first ever wind farm
The horizon broken by dozens and dozens of wind turbines is a common sight throughout Oklahoma, but in some states, it remains a rarity as the wind industry becomes a larger and growing source of renewable power in the U.S. Mississippi is an example as the state’s first utility-scale wind project, a 184.5 …
Boy in Nebraska thought it would be fun to video a train derailment he caused—now he’s in serious trouble
A 17-year old boy in Nebraska faces adult criminal charges that claim he caused the derailment of a Burlington Northern Santa Fe train just so he could video the crash and share it on YouTube. It was in April near the town of Bennet where the incident occurred where two locomotives and five …
CenterPoint Energy leaders apologize over lengthy storm outages
The Houston company for which 105 Oklahoma Gas and Electric workers helped with power restoration following Hurricane Beryl finally went public with an apology. But it came after Texas legislators and regulators launched investigations into why the utility company failed in restoring electrical power to nearly 3 million Houston residents. The apology, which …
Energy briefs
** The amount of electricity produced by wind power in the US plummeted to a 33-month low on Monday (22 July), with natural gas-fired power plants having to increase production to make up for the shortfall and keep air conditioners running. ** Goldman Sachs said that whoever wins the U.S. presidential election in November will …
High speed rail passenger service map shows link from Kansas to Oklahoma
The movement by some Oklahomans for rail passenger service from Kansas to Oklahoma City appears to be part of similar efforts by the organization, the U.S. High Speed Rail Association. But not the route proposed by proponents in Oklahoma. The Kansas to Oklahoma link is included in a newly-released map by the Association, …
Oklahomans in US House support EPA budget cuts
All five members of the Oklahoma delegation in the House were among those who voted this week for a bill making deep cuts for the Environmental Protection Agency’s budget for fiscal year 2025. The vote was 210-205 and Oklahoma Reps. Brecheen, Bice, Cole, Hern and Lucas voted to support cuts n the annual Department …
Crude oil prices made second straight day of gains
Higher closes marked Thursday’s trading for oil and gas prices and they resulted from strong US economic data. Still, they might have been slowed by worries regarding lower oil imports from China. US benchmark West Texas Intermediate crude gained 69 cents or 0.89% to close at $78.28 a barrel on the New York Mercantile Exchange. …
