As President Trump urged Saudi Arabia and OPEC to lower the costs of oill, crude oil prices fell 1% on Thursday. Trump made the call during an address at the World Economic Forum in Davos, Switzerland. At the same time, U.S. crude oil stockpiles slipped to their lowest level since March 2022 last week …
January 23, 2025 archive
Ethics Commission confirms investigation of Corporation Commissioner Todd Hiett
The State Ethics Commission confirmed this week it is conducting an investigation into complaints against Corporation Commissioner Todd Hiett who stands accused of criminal wrongdoing over drunken incidents last year and violation of state ethics rules. The complaints were originally filed by Reps. Tom Gann, Kevin West and Rick West. NonDoc reported the ethics …
Decline in crude oil supplies at Cushing and the U.S.
Crude oil supplies fell both nationally and at the Cushing Hub in Oklahoma as of the most reporting period from the federal government. The Energy Information Administration reported a decline of 1 million barrels nationally. As of the week of Jan. 17, the U.S. crude stocks totaled 411.7 million barrels, down from the 412.7 …
Kansas broadband grants draw complaints
Kansas legislators heard complaints this week about how the millions of dollars in rural broadband expansion grants were handed out. Cox Communications and the Communications Coalition of Kansas complained about how the Department of Commerce has conducted its grant-making process. They also voiced criticism about a lack of transparency in the effort to …
US Senate committee approval for Burgum and Wright
The two men picked to head the Interior Department and the Energy Department received support Thursday from committees in the U.S. Senate. The full senate is where the nominations of former North Dakota governor Doug Burgum to head the Interior Department and Denver oilfield services leader Chris Wright to run the Energy Department will head …
Judge makes 2nd ruling against natural gas providers sued over 2021 winter storm
Two natural gas suppliers fighting lawsuits and investigations of price manipulation allegations stemming from the 2021 Winter Storm Uri in Kansas lost a second federal judge’s decision this week. Kansas City federal Judge Angel D. Mitchell ruled against the firms who are fighting a consolidated lawsuit by ratepayers to produce the same documents the …
From wind farm lights to nuclear energy, legislative bills target utilities
There’s no shortage of bills filed in the approaching Oklahoma legislative session when it comes to utilities. Some focus on natural gas supplies, wind farms, alert systems, a nuclear energy study and CO2 sequestration facilities. Norman State Sen. Lisa Standridge filed SB1001 which would create restrictions on a public utility’s advertising expenses. “If a public …
Treasurer Russ says federal judge’s ESG ruling shows an Oklahoma County judge was wrong
While Oklahoma’s anti-ESG law is on hold because of a district judge’s ruling, State Treasurer Todd Russ says a recent federal judge’s ruling in Texas against ESG policies of American Airlines and BlackRock shows he was right to enforce the Oklahoma law. It was last year when Russ was ordered to suspend his enforcement of …
President Biden’s climate standards for walk-in freezers could face reckoning under new GOP resolution by Congresswoman Bice
Congressional Republicans, including Oklahoma Congresswoman Stephanie Bice, are pushing back against President Biden’s regulations on appliances with a resolution that seeks to circumvent new green energy standards for freezers. In December 2024, Biden’s Department of Energy (DOE) announced a final rule setting more stringent climate standards for walk-in coolers and freezers. The new regulation …
Four percent dividend increase for ONEOK shareholders
The board of directors of ONEOK, Inc. increased its quarterly dividend to $1.03 per share, an increase of 4%. This increase results in an annualized dividend of $4.12 per share. The dividend is payable Feb. 14, 2025, to shareholders of record at the close of business Feb. 3, 2025. To date, ONEOK has repurchased …
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