September 25, 2024 archive

Thefts from EV chargers more money-driven than political

Electric vehicle chargers – thousands of them, maybe millions – are popping up nationwide to serve the growing number of EVs. Those charging stations are being targeted. JD Power reports that almost one in every five attempts to charge an EV in public has failed because of damaged or missing cables. In some cases, the …

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OK Broadband Governing Board To Vote On Projects

The Oklahoma Broadband Governing Board votes on more than $260 million dollars in projects to extend internet service to the state’s underserved areas. The board meeting this (Thursday, September 26) afternoon at 1:30 p.m. in room 105 at the Harvey Parkway Building in Oklahoma City. The money disbursed will come from the American Rescue Plan …

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Federal BSEE monitoring offshore oil & gas operations as storm arrives

The US Bureau of Safety and Environmental Enforcement estimates that just over 16 percent of oil production in the Gulf of Mexico and 11 percent of natural gas production in the region has been shut-in. The Tulsa-based Oil and Gas Journal reports that as those actions were being taken, the National Hurricane Center was warning …

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Oklahoma Governor Stitt back on the job after Friday surgery

Oklahoma Governor Kevin Stitt is back on the job after having surgery last Friday. A normal checkup discovered a “significant blockage” in a main heart artery, according to Stitt’s office. The Tulsa World reports the 51-year-old politician had intravenous surgery Friday and doctors repaired the blockage with a stent.  He returned to the office to …

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Oil prices tumble amid “lingering concerns” about demand

Oil prices plunged lower Wednesday amid a leadership change at Libyan Central Bank. Experts say that could be a factor in the eventual return of some of the country’s recently shut down oil production. West Texas Intermediate crude dropped 2.6% to settle at $69.69 a barrel Wednesday. Brent crude for November settlement dropped 2.3% to …

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Oklahoma business leaders favor tax cuts, but not at expense of education

Responding to an annual poll, Oklahoma business leaders say they favor tax cuts, but not at the expense of education offorts. The Tulsa World reports the yearly poll of leaders by the State Chamber of Commerce, the State Chamber Research Foundation, and the Oklahoma Business Roundtable revealed plenty of support for the cuts and incentives …

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Report shows U.S. is the world’s largest gasoline exporter

Data source: U.S. Energy Information Administration, International Energy Agency, and Facts Global Energy The United States is the world’s largest exporter of motor gasoline (finished gasoline plus gasoline blending components), supplying over 16% of total global exports. U.S. motor gasoline exports in 2023 averaged 900,000 barrels per day (b/d), equivalent to about 10% of domestic consumption and enough …

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Partnering with the White House in a $1 billion deal to support EV expansion

  The Biden-Harris administration isn’t letting up on granting government money in the name of green energy and EVs. It was announced this week that Monroe Capital was partnering with the White House to begin a $1 billion initiative to improve the country’s efforts for electric vehicles. It is called “Drive Forward Fund LP” and …

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Energy briefs

** Utility Dive reported total investment in hydrogen projects has grown from $390 billion in May 2022 to an expected $680 billion in May 2024, according to a new report by the Hydrogen Council, a global industry trade group. North America claimed $96 billion of that funding, according to the report. **  The U.S. Federal Trade …

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Mach Natural Resources announces purchase of more of its shares

    Mach Natural Resources LP of Oklahoma City announced this week the underwriters of its previously announced public offering of more than 7 million shares partially exercised their option to buy more of the shares. The original offering was of 7,272,728 common units representing limited partner interests in Mach. But the underwriters exercised their …

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