Oklahoma prepares to hand out a more than $1 million contract award Monday for the EV charging network mandated by the Biden administration. The State Transportation Commission, in its 11 a.m. meeting in Oklahoma City, will award the contracts to a number of successful bidders. The National Electric Vehicle Infrastructure or NEVI Charging Infrastructure …
November 2024 archive
Oklahoma’s crude oil production grew from August to September
Oklahoma’s oil production increased from August to September but remained lower than the amount of crude oil produced a year ago. The U.S. Energy Information Administration reported the state’s average production rose 3.5% from one month to the next, going from 383,000 barrels a day during August to 397,000 barrels a day in September. …
Energy briefs
** Biden administration officials say they’ll race to allocate the remaining $46 billion from four climate and infrastructure bills before the year ends, but $303 billion will remain that cannot be spent until after Trump takes office. ** A clip from Billy Bob Thornton’s new show “Landman” went viral on X for slamming the use of renewable energy …
Crude oil finished down on Friday
Not only did crude oil prices fall on Friday, but they also finished the week down more than 3%. Prices remained low over worries of supply risks due to the Israel-Hezbollah fighting. Plus, there is the issue of OPEC+ increasing its supply in 2025. West Texas Intermediate crude fell 72 cents or 1.05% …
Scott Mitchell talks energy with Jerry Bohnen—a $127 million Thanksgiving rate hike for OGE ratepayers
Just what you wanted for Thanksgiving—a $127 million OGE rate hike! It’s the focus of our latest podcast of Scott Mitchell talks energy with Jerry Bohnen. It’s also a lively discussion of the latest allegations made against Corporation Commissioner Todd Hiett and continued efforts to keep him from voting on rate cases.
Highway construction projects to affect Holiday traffic in Oklahoma
Highway construction projects are causing a long list of traffic challenges this Thanksgiving Holiday in Olahoma. The projects will affect holiday travel on interstates, major highways and turnpikes from Thursday, Nov. 28 through Sunday, Nov. 29. If you’re traveling, you might want to consider how the projects affect your travel plans. Oklahoma City Metro …
Ceasefire agreed to by Israel sends crude oil prices slipping
Israel’s agreement to a ceasefire deal with Lebanon sent crude oil prices slipping on Tuesday. Prices dropped as a sign that oil’s risk premium was reduced. It came after Israel’s security cabinet agreed to the ceasefire and the accord is expected to take effect Wednesday. West Texas Intermediate finished down 17 cents or …
Judge freezes Arkansas crypto mining law forbidding foreign ownership
A fight has broken out in Arkansas over the constitutionality of two laws that prohibit foreign ownership of digital data centers or crypto mines. The 2023 and 2024 laws were challenged by Qimin “Jimmy Chen”, described by Arkansas Business as a naturalized U.S. citizen who was born in China. As a result of …
US crude oil production established a record in August 2024
An average of 13.4 million barrels per day (b/d) of crude oil was produced in the United States during August 2024, a new record according to data from the U.S. Energy Information Administration’s Petroleum Supply Monthly. More crude oil was produced in the United States during August 2024 than during December 2023, when the previous …
Grain Belt Express line gets nearly $5 billion government loan guarantee
The government this week approved a nearly $5 billion conditional loan guarantee to the developer of the nearly 800 mile long Grain Belt Express line designed to carry wind-powered electricity from Southwest Kansas and across Missouri and Indiana to Illinois. The Energy Department’s Loan Program Office announced the $4.9 billion condition loan guarantee but …