January 15, 2025 archive

Crude oil prices have a big rebound of nearly 3% and OK energy stocks did the same

  A day after a decline of more than 1%, crude oil prices rebounded by nearly 3% after a large draw in U.S. crude stockpiles and new U.S. sanctions on Russia. The US benchmark hit its highest point since last summer. It also translated into a strong day for Oklahoma energy stocks. Reuters reported U.S. …

Continue reading »

Commission’s approval of PSO rate hike draws criticism from AARP

  Oklahoma Corporation Commissioners followed through Wednesday with formal approval of a more than $12 a month rate hike temporarily implemented last October for customers of Public Service Company. But the AARP didn’t like it and chastized the commission for its vote. PSO’s original request of $218 million, filed in 2023, was eventually negotiated down …

Continue reading »

Trump’s energy nominee pledges domestic energy production expansion

  When Donald Trump’s pick to head the U.S. Energy Department, Chris Wright, went before the Senate Energy committee in his confirmation hearing, he made it clear his top priority and first priority will be to expand domestic energy production and it will include liquefied natural gas and nuclear power. The 60-year old Wright, head …

Continue reading »

Crude oil stocks shrink nationally but grow in Cushing

  A new federal government report showed the amount of crude oil in storage across the U.S. shrunk by nearly 2 million barrels as of the week of Jan. 10 of this year. The U.S. Energy Information Administration reported the U.S. total was 412.7 million barrels as of the most recent reporting week, a decline …

Continue reading »

Feds award $27 million for safer rail crossings in Oklahoma

  The Federal Railway Administration has awarded nearly $27 million in grants for safer railroad crossings and the elimination of congestion on railroads in Oklahoma. U.S. Sen. James Lankford played a role in securing funding for these grants by sending the US Federal Railroad Administrator Amit Bose letters of support outlining the need for each …

Continue reading »

AG declares “victory” in EPA decision

The U.S. Environmental Protection Agency (EPA) has closed the file on California’s request for a waiver for its Advanced Clean Fleets regulation, Attorney General Gentner Drummond announced Wednesday just a few months after filing a formal comment letter opposing the request. In September, Drummond and 23 other state attorneys general filed a letter with the …

Continue reading »

USDA hands out $6 billion to electric cooperatives for development of clean energy projects

When the U.S. Department of Agriculture under the Biden administration on Friday handed out more than $6 billion in clean energy grants to rural electric cooperatives, none involved any such projects or cooperatives in Oklahoma. The grants and loans, according to the announcement were “awarded to help rural communities build renewable energy projects that will …

Continue reading »

Oilman Harold Hamm to hold lavish Trump inauguration party in D.C.

  Just because Oklahoma oiland gas billionaire Harold Hamm was quiet during the most recent Donald Trump presidential campaign doesn’t mean he’s not going to celebrate hardy in the upcoming inauguration. Hamm, once a vocal and vociferous supporter of Trump in his 2016 campaign, plans to host what is described as an “exclusive” inauguration watch …

Continue reading »

Wyoming to use old turbine blades in unique way

    The state of Wyoming has won approval from the Biden administration to use old wind turbine blades as filler for coal mine reclamation. Wyoming first sought approval from the federal government in 2021. Click here for Cowboy State Daily

Transportation Commissioners updated on highway projects

    Highlights of the Oklahoma Transportation Commission’s January 6, meeting include presentation of two industry awards for construction, reports on the Oklahoma Department of Transportation’s notable accomplishments in 2024 and updates on major projects starting in the new year. ODOT and the Commission were presented with two national awards from the American Concrete Pavement Association …

Continue reading »