August 5, 2024 archive

Hot, hot, hot! Do I need to say anything more?

  Get ready for some hot 100s this week in Oklahoma and if you’re in the Texas Panhandle, even hotter! How much hotter? How about 110 degrees—actual temperature. Check out the forecast from the Amarillo National Weather Service. Southern Oklahoma? How about 107 and 108 degrees. And eastern Oklahoma?

Stocks plunged Monday–so did crude prices and OK energy stocks

  With U.S. markets suffering some of their worst losses in two years during a selloff of global stock markets, crude oil prices fell. So did Oklahoma energy stocks as many suffered losses of 5% and 6% while one firm dropped 10% during the day’s trading. The “R” word, recession, might have played a continuing …

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Stillwater city leaders drawing up use for possible $30 million in water development funding

  The city of Stillwater could be in line for $30 million in water improvements if Congress passes a Water Resources Development bill and if President Biden signs it into law. City leaders already have some projects that could be targeted with the possible funding. The U.S. House recently approved the Act which includes millions …

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Barnsdall to lose major manufacturing plant destroyed by May tornado

  Another Oklahoma city just felt the second impact of a deadly tornado. The city of Barnsdall, hit hard by a May 6 EF-4 tornado that destroyed the NuCera Solutions plant, got the recent news that the Chase Corporation, which owns and operated the plant, revealed it would not rebuild the plant where high-grade chemicals and …

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Oklahoma’s gross production tax revenue dropped 37% in past year

    The Oklahoma Treasurer’s office announced there was an overall revenue increase for the state in July, but a more than $600 million drop in revenue from the Gross Production Tax. Treasurer Todd Russ stated the Gross Production Tax totaled $1.1 billion but it was off $639.9 million or 37% for the last 12 …

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Energy briefs

** Facing the need to win battleground Pennsylvania, Vice President Kamala Harris is swearing off any prior assertion that she opposed fracking, but that hasn’t stopped Republican Donald Trump from wielding her now-abandoned position to win over voters in a state where the natural gas industry means jobs. ** Former President Donald Trump said he had “no choice” but to …

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Residents and landowners fight NextEra Energy wind farm in Colorado

    A new “No Wind Turbines” campaign is growing on the plains of eastern Colorado. It’s against NextEra Energy’s proposed third phase of a series of wind turbines that dot the land east of Colorado Springs. The turbines would represent a growth of the wind farm that was developed nine years ago. But residents …

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Congressman blames Biden and Harris for increased jobless rate

    Oklahoma congressman Kevin Hern says the Biden-Harris Administration’s economic policies are to blame for the most recent slowdown in U.S. job growth and increased unemployment. Reacting to Friday’s release of the jobs report for July 2024 by the Bureau of Labor Statitics, the Republican U.S. Representative from Tulsa declared, “Stagnant job growth and …

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ONEOK points to its ESG inclusions

  While the debate continues about Oklahoma’s anti-ESG law, companies such as ONEOK also focus on their pro-ESG efforts. ONEOK did so in its recent release of its annual Corporate Sustainability Report highlighting the company’s progress and commitment toward environmental, social and governance (ESG) performance.  The company stated “ONEOK qualified for inclusion in more than …

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Critic charges what regulators did to Accountant was no less than “Mr. Smith Goes to Washington”

  Shocking and disgraceful. It’s the words used to describe how accountant David Greenwell was denied by the Corporation Commission an opportunity to support claims that the Commission’s audits of the 2021 storm costs were not legitimate audits. Costs that Oklahoma ratepayers will be paying for the next 25 years. Nichols Hills Mayor Sody McCampbell …

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