On Monday, the Oklahoma Corporation Commission will see a new makeup as Brian Bingman, who won the general election in November of 2024, will be sworn into office succeeding Bob Anthony. Bingman will take the oath of office administered by Supreme Court Vice-Chief Justice Dana Kuehn during a ceremony at the State Capitol. The …
January 10, 2025 archive
More sanctions against Russia sent crude oil prices up on Friday
Rallied by more U.S. sanctions targeting Russian oil and gas revenue, crude oil prices gained nearly 3% on Friday while prices in the U.S. hit their highest level in 3 months. The sanctions issued Friday by the Biden administration went after Russian oil producers, tankers, intermediaries, traders and ports, all with the goal of …
Rig numbers declined nationally but were unchanged in Oklahoma
The latest Baker Hughes rig report showed Oklahoma’s count as of last week was still 43, same as the previous week. It is also the same number reported in the state a year ago. Nationally, Baker Hughes recorded a drop of 5 rigs to 584 including a decline of two oil rigs leaving 480 …
Lankford wants to “lock the clock” on Daylight Saving Time
“Lock the clock.” It’s what Oklahoma U.S. Sen. James Lankford calls his Sunshine Protection Act, an act designed to end the twice-yearly time change and make Daylight Saving Time the national year-round standard. He and Florida Republican Sen. Rick Scott introduced the Act. “Twice a year Oklahomans ask themselves—why do we still have to …
Transportation spending to fall under spotlight of House committees
House members of the Appropriations and Budget Transportation Subcommittee will meet in the coming week and start the work of focusing on budgets and transportation. In their Thursday morning meeting, the Representatives will hear presentations by officials of the Oklahoma Department of Aerospace and Aeronautics and the Oklahoma Space Industry Development Authority. When: Thursday, January …
Legislator files bill to allow Bitcoin payments
Sen. Dusty Deevers, R-Elgin, has filed SB325, the Bitcoin Freedom Act, a bill that would allow Oklahoma employees to opt to receive payment in Bitcoin and enable vendors to accept Bitcoin payments. “In a time when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin provides a unique opportunity to protect earnings and …
Texas tops in wind and solar farm production
While some Oklahomans are fighting the growth of renewable energy projects in the state, Texas ranks as the state with the most development of wind and solar projects in the U.S. Information from the U.S. Energy Information Administration showed Texas not only has 42,000 megawatts of wind power, 22,000 megawatts of solar farms and …
Canoo’s furloughs also involved “reverse stock split” by company
When the 87 workers at the Canoo electric vehicle manufacturing plant in Oklahoma City got the word they were furloughed for 12 weeks in late December, it came a day after Canoo took a financial step to increase the value of shares in the struggling company. After weeks of declining stock value, Canoo made …
Audit shows Energy Secretary’s EV road trip wasn’t as bad as Congressional critics claimed
Republicans in Congress blasted a 2023 EV road trip taken by Energy Secretary Granholm to push Biden’s green energy programs, saying it was “ripe with waste, fraud and abuse.” But, there’s always a but, and in this case it is a report from the Energy Department’s Office of Inspector General, better known as …
Energy briefs
** The number of faults on the power grid near three of the major Los Angeles County fires skyrocketed in the hours before the blazes began, according to a company that monitors electrical activity. Bob Marshall, the chief executive of Whisker Labs, said in an interview with The Times that the areas near the Eaton, Palisades and Hurst …
