October 2024 archive

House hearing scheduled for Wednesday into Kiamichi River hydroelectric project

  An Oklahoma House Committee will hold its hearing and investigation Wednesday into the proposed hydroelectric project on the Kiamichi River. Reps. Eddy Dempsey of Valliant and Justin Humphrey of Lane asked for the hearing to be held by the House Natural Resources Committee following a grow list of opponents to the $3.1 billion project …

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Canoo takes another $1.1 million in financing

  EV manufacturer Canoo has yet to announce a release date for its third quarter earnings report, but filings with the Securities and Exchange Commission reflect how the firm’s CEO has advanced another $850,000 to keep the company afloat.  That’s on top of another loan of $270,000, making for a total of $1.1 million in …

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Xcel Energy hit with giant insurance rates following deadly fires in Texas and Colorado

    Facing hundreds of lawsuits in Colorado over a fire that burned more than a thousand homes as well as litigation from the monster wildfire that burned a million acres in the Texas Panhandle and western Oklahoma, Xcel Energy says its insurance premiums have soared nearly 400% in the past year. As the utililty …

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Oklahoma to finally get some rain and it might result in flooding

  After weeks and weeks of no rainfall for much of the state, you can’t blame Oklahoma Climatologist Gary McManus for being a little excited Tuesday morning as he went wild with pictures predicting how much rainfall we’ll get this week.     Now we sit back and wait to see just how much rain …

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Gentner Drummond’s anger directed at Treasurer and his former attorney in anti-ESG fight

    Oklahoma Attorney General Gentner Drummond’s recent response to a judge’s decision to grant summary judgment in the lawsuit challenging Oklahoma’s anti-ESG act raised some questions whether his comments were political in nature. In a press release made after Oklahoma County District Judge Sheila Stinson granted the summary judgment in Don Keenan’s lawsuit, Drummond …

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Arkansas regulators want more answers about Summit Utilities big rate hike request

    Reports by Arkansas Business and the Arkansas Democrat-Gazette show state regulators reopened the nearly $88 million rate hike proposed by Summit Utilities. It means the Public Service Commission will continue searching for information from Summit and its attempt to increase rates by an average of another $15.43 a month or 23% on residential …

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Woodward—an island of cheap gasoline prices in Oklahoma

  A most interesting development exists in northwest Oklahoma when it comes to gasoline prices. Woodward is an island of low gasoline prices and surrounded by some of the highest averages in the state. The average price for a gallon of regular gasoline in Woodward County is $2.64 while surrounding counties are more than $3 …

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Energy briefs

** Heating and cooking with natural gas stoves is not associated with asthma in children or adults according to a major study published in The Lancet medical journal and funded by the World Health Organization (WHO). The study conducted an extensive meta-analysis and examined the health risks of cooking or heating with natural gas compared to …

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Rep. Bice—Energy is the foundation of a strong economy

  In a column this week, Oklahoma Congresswoman Stephanie Bice lamented how the U.S. has become more dependent on foreign countries for energy resources. Seeking a third term in the U.S. House, Rep. Bice (R)  put much of the blame on the Biden administration and its miscues in energy policies. Below is her entire column: …

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Crude oil prices plunged Monday on Israel’s decision not to attack Iran’s oil fields

The prospects that maybe, just maybe, there won’t be a wider Middle East war between Israel and its neighboring countries and territories of Lebanon, Gaza and Iran, sent crude oil prices plummeting more than $4 a barrel on Monday. It translated into a 6% drop for prices when instead of launching attacks on Iran’s oil …

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