A big build in U.S. crude and gasoline stocks sent crude oil prices tumbling more than 2% on Wednesday. At the same time, there are growing worries about the effects of a new China-U.S. trade war and there is a soft demand for gasoline. One analyst told Reuters,“Refiners just don’t have a call for …
Scott Mitchell talks energy with Jerry Bohnen and the two take a closer look at the energy plan in Gov. Stitt’s ‘State of the State’ message and why gas prices are headed up, courtesy OklahomaMemo.com.
Four years after the Hot Springs, Arkansas Convention Center cried foul about a $238,000 monthly gas bill during the 2021 winter storm Yuri, the state’s attorney general concluded it was not price gouging. He cleared a gas supplier who remains accused of gouging Oklahoa utilities in the same storm. The Hot Springs Advertising and …
Oklahoma House Democrats came out this week with their legislative agenda and one thing absent was any reference or mention of energy issues. No mention of oil and gas, drilling, natural gas, fighting eminent domain, the Corporation Commission, or electrical transmission lines. Instead, the Democrats identified other topics of concern. Democratic leader Rep. Cyndi Munson …
The nation’s crude oil stocks surged in the most reporting period, jumping nearly 9 million barrels. Crude held at Oklahoma’s Cushing Hub declined a small amount. The latest report from the U.S. Energy Information Administration update showed as of January 31, the nation’s total in crude oil was 423.8 million barrels, up 8.7 million …
Two of the tax measures to be considered by a state House subcommittee this week deal with energy, including one calling for a reduction in the gross production tax on oil production. Another bill by Rep. Brad Boles, HB1372, would reduce the gross production tax on recovery wells that are on the state corporation …
State tax revenue from Oklahoma’s oil and gas production saw a gain of more than 6% in January, according to the latest tax receipt report from the State Treasurer. Gross Production Tax revenue totaled $84 million which was a gain of $4.8 million or 6.1% over the previous month. Overall tax receipts for …
** President Trump wants to increase drilling to lower oil prices, but producers are hesitant. Sources told The Wall Street Journal that White House advisers recognize this and don’t expect the US shale industry to increase output. Corporate leaders have hinted as much in recent earnings commentary, cautioning not to expect a major drilling ramp-up. ** President Donald …
A northern Oklahoma landowners group is calling on Oklahoma Gov. Kevin Stitt to adopt an immediate emergency moratorium on green energy projects in the state. In a letter to the governor, leaders of the Garfield County Conservation Coalition questioned why he is “contrary to President Trump’s stance on so called “green energy.” They openly …
A South Texas electric cooperative received more than $1 billion from the USDA to switch its electrical power production to battery and solar energy. The San Miguel Electric Cooperative received $1.4 billion investment to power 47 counties using renewable energy. The Agriculture Department said the wind and solar power production will have the environmental …
