Crude oil prices made gains on Tuesday as they were affected by two issues—this week’s drone attacks on a key oil pipeline for Kazakhstan’s oil exports and the talks underway to possibly end the war in Ukraine. The prospects of peace between Russia and Ukraine have some traders optimistic that it could lead to …
February 18, 2025 archive
Legislator promotes moratorium on green energy projects
Rep. Jim Shaw, R-Chandler, has filed a series of bills that range from placing a moratorium on green energy projects to creating setbacks to recapturing tax subsidies from the industry. Another measure would ban the use of biosolids. “I told my constituents when running for office I would fight against the green energy insanity that …
Cancelled! Petroleum Alliance legislative reception
One of the victims of this week’s severe winter storm is the annual legislative reception planned by the Oklahoma Petroleum Alliance. It was scheduled to be held Wednesday evening at the Petroleum Alliance headquarters in Oklahoma City. But the Alliance announced Tuesday the event was cancelled due to the bad weather conditions.
Winter storm a major test for power grid in Texas
Texas Governor Greg Abbott praised his state’s power grid this week as yet another round of severe winter weather prepared to hit the state. His praise came four years after the deadly 2021 winter storm hit the state, caused massive power outages and left people dead. “The fact of the matter is, the power …
Energy briefs
** Amazon seeks a regulatory exemption for its plan to add 250 diesel-powered emergency generators at a large planned Minnesota data center, drawing criticism from environmental groups and state officials. ** North Dakota lawmakers vote down six bills that sought to place restrictions on and eliminate tax exemptions for carbon pipeline developments. ** U-Line Corporation, a manufacturer of refrigeration …
Missouri legislator wants higher taxes on farmland used for solar projects
A legislator in Missouri has proposed tripling the tax assessment on farmland that is leased for wind and solar projects. ““My purpose is not to attack farmers, also, but when you repurpose your land for another purpose outside of agriculture, I think you should pay your fair share in that sense,” said Rep. Danny …
Increased drilling in Oklahoma’s Granite Wash
Oklahoma’s Granite Wash oil and gas play was one of two plays in the U.S. last week that recorded an increase in drilling activity. According to the latest rig count provided by the Baker Hughes Co., the Granite Wash count grew by one to a total of 8 rigs. The other energy play that …
Bill to amend Oklahoma’s Energy Discrimination Act to be considered by House Committee
A move to amend Oklahoma’s 3-year old Energy Discrimination Elimination Act, the one suspended last year by an Oklahoma County District judge’s order, goes before a state House committee on Wednesday. Rep. Nick Archer, Elk City, filed HB2043 which focuses on the contract payments that state agencies have with companies. The bill, if approved, would …
Water-funding bill wins approval in senate committee
Sen. David Bullard, R-Durant, has secured initial approval for legislation to appropriate $500 million for local water and wastewater infrastructure projects. Last week, the Senate Energy Committee unanimously approved Bullard’s Senate Bill 92. This bill would make a one-time appropriation to the Oklahoma Water Resources Board so the agency can offer low-interest loans so communities …
GRDA wants bonding increase from legislature
The Grand River Dam Authority is going to the state legislature wanting approval for a $1.6 billion increase in bonding capacity so it can build two new natural gas units and refurbish a third. As the state capitol website NonDoc reported this week, the request for legislative support is outlined in House Bill 1422 and …
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