Crude oil prices slipped into negative arenas on Thursday after the International Energy Agency raised its oil demand growth forecast for 2025. Other possible affects were caused by a slight increase in US inflation for November and a jump in China crude imports in November compared to a year earlier. West Texas Intermediate crude …
December 12, 2024 archive
AG joins Governor and Speaker-elect in fighting government transmission projects
The Southwest Power Pool and the U.S. Department of Energy just received another warning shot across their bows. The first came this week from Gov. Kevin Stitt when he suggested “unplugging” from the SPP because of its regional electrical transmission lines proposed across the state. He vowed to fight any use of eminent domain to …
Speaker elect fights regional transmission proposal called a “federal land grab”
Oklahoma House Speaker-Elect Kyle Hilbert filed House Concurrent Resolution 1001 Thursday, which vows to take all legislative action available to prevent the establishment of an eighteen-mile wide federal energy corridor in Oklahoma. Coming just a day after Gov. Kevin Stitt indicated in an interview that he was considering “unplugging” from the Southwest Power Pool and …
Legislator wants legislature’s final approval for turnpike toll hikes
This week’s move by the Oklahoma Turnpike Authority to raise tolls by 15% in January drew the criticism of Rep. Annie Menz, a Democrat from Norman. “A turnpike toll increase is something all Oklahomans should get a say on,” Menz said in a statement from her office. “The Oklahoma Turnpike Authority should be held …
Energy briefs
** ExxonMobil is preparing to join the power generation business, seeing an opportunity to support the electricity supply for energy-intensive data centers. The company on Dec. 11 said it is designing what was referred to as a “massive” natural gas-fired power plant that would be dedicated to producing power for data centers. ** ExxonMobil has announced …
Senator wants law allowing recall elections of officials
While calls have been made in recent months for Oklahoma Corporation Commissioner Todd Hiett to leave office following sex abuse and excessive drinking allegations against him, a GOP State Senator wants legislation to allow for recall elections of state elected officials. Ponca City Sen. Bill Coleman, in announcing he requested such legislation to …
ONEOK advances $4.3 billion EnLink share purchase
ONEOK is moving ahead with a decision reached late last month to acquire all of the outstanding publicly held common units of EnLink in a $4.3 billion plan. It’s part of ONEOK’s merger with EnLink. In a Dec. 11 message to employees of the two companies, Pierce Norton, President and CEO of ONEOK and …
Next broadband launch to take place Monday in Wellston
Wellston is the site of the next broadband expansion project to be launched by the Oklahoma Broadband Office. Centranet is also othe latest internet service provider to carry out the project in northern and central Oklahoma, according to an announcement by the state. The launching will take place on Monday and according to the Broadband …
Mitchell Talks Energy with Jerry Bohnen—a supreme court Todd Hiett ruling and Gov. Stitt wants to “uplug” from SPP
Did the Supreme’s ‘kick the can down the road’ with their legislators versus Hiett ruling? Jerry Bohnen at OK Energy Today takes an in depth look at the ruling, plus his story about the Gov’s SPP bombshell during my interview last week on “Hot Seat.”
Lower gasoline prices an early Christmas gift in Oklahoma
With holiday travel approaching, gasoline prices across the U.S. are at a three-year low of $3.02 and close to falling below $3 a gallon. But prices in Oklahoma, well below $3 for more than a year are a steady average of $2.52 per gallon. Still, some of the state’s county averages are among the …
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