May 20, 2025 archive

Slight dip in crude oil prices on Tuesday

  Tuesday’s trading brought little change for crude oil prices but both benchmarks registered small declines fo the day as the world waited to see what might come out of the US and Iran negotiations as well as the peace talks between Russia and Ukraine. At the same time, investors were influenced by a cautious …

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Specialized broadband grants cancelled for Oklahoma and other states

  The Oklahoma Broadband Office indicates it will not see a negative impact with the U.S. Commerce Department decision last week to terminate the $1.44 billion Digital Equity Capacity Grant Program. “There will be no negative impact on projects administered by the office. We received notification about a week ago,” stated Tim Allen, Communications Director …

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Corporation Commissoners to continue hearing into PSO power plant acquisition

  Oklahoma Corporation Commissioners will continue their hearing Wednesday into the controversial request of Public Service Company for preapproval of its $730 million acquisition of the Green Country Power Plant in Jenks. PSO wants authority to pass along a total of $753 million in costs to ratepayers, claiming the power plant is needed to meet …

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Hurricane forecast predicts more storms than usual and refineries will be at risk

    A forecast for the approaching national hurricane season claims there will be more hurricanes this year than the 1991-2020 average with an estimated 17 named storms. And many of those could have an impact on the U.S. oil refinery production. The historical average is 14 storms, according to Colorado State University’s hurricane forecast …

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Increase expected in Memorial Day travel in Oklahoma

      A forecast from AAA indicates nearly 3% more Oklahomans plan on traveling this coming Memorial Day holiday. At the same time, air travel will cost more than a year ago while gasoline prices are cheaper during the same time period. AAA is projecting strong travel volume for the upcoming Memorial Day holiday …

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$2 billion incentive for foreign aluminum plant approved in Senate committee

  After first being defeated in Committee on Monday, a $255 million incentive package for Emirates Global Aluminum’s $4 billion aluminum smelter proposed for the Port of Inola won approval Monday night. But only after a lot of political arm twisting. The measure, HB 2781, was first defeated by the Senate Joint Committee on Appropriations …

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Latest private meeting of Corporation Commissioners focused on legislature

    After Oklahoma Corporation Commissioners recently held a public video meeting between offices in Tulsa and Oklahoma City, they then gathered in their latest non-public meeting. It was private discussion of how to respond to some legislative matters. The commission’s latest Open Meeting Act Exempt Event Compliance Form shows the three commissioners met privately …

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Energy briefs

** A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday. ** The possible lifting of U.S. sanctions on Iran’s oil exports could deal a fatal blow to …

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Texas rancher leads his own crusade against growth of solar and wind farms

  Oklahoma farmers and ranchers who joined forces in recent months in a growing movement against the expansion of wind and solar projects will likely sympathize with a Texas farmer’s similar rejection of the renewable energy industry into his region. It’s a story of central Texas farmer Robert Fleming who has undertaken his own crusade …

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Reversal on New York’s offshore wind farms—could it open the doors for Williams and its gas pipelines?

    The decision by the Trump administration this week to lift a stop order on the offshore wind farm in New York raised a possibility that New York Gov. Kathy Hochul might have changed her mind about allowing more natural gas into her state. And that could be good news for Williams in Tulsa …

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