The deadly exchange of missiles and bombs between Iran and Israel and the weekend decision by President Trump to use bunker busting bombs have affected crude oil prices. Which way might they go? It’s what Scott Mitchell talks energy with Jerry Bohnen about in today’s podcast.
June 23, 2025 archive
Crude oil prices plunged as US waited for Iran’s response to bombing attack
Iran’s weak response to the U.S. bombing attack on its nuclear weapons development operations came in the form Monday of missiles fired at a US airbase in Qatar while crude oil prices fell 6% with no apparent interruption of the flow of oil out of the Middle East. No casualties were reported in the missile …
Texas operator ordered to shut down well connected to earthquakes
When Oklahoma experienced months of earthquakes some years ago, state regulators had wastewater well operators to curtail or reduce their operations. Now Texas regulators are doing the same thing and recently targeted one specific company following earthquakes in the Permian Basin. The Texas Railroad Commission took steps last week against Blackbuck Resources, a company …
Residential electricity bills could increase slightly this summer
Just what you didn’t want to hear. The forecast from the U.S. Energy Information Administration says we’ll be paying more in our monthly electric bills in the coming few months and it could mean another $10 for those in the southwest region of the country. During summer 2025, from June through September, residential …
Should be a “rain free” parade for OKC Thunder!!
Chances are pretty low—maybe none that there will be rain Tuesday morning when the Oklahoma City Thunder, the NBA champs, hold their parade in downtown Oklahoma City. And as usual, Oklahoma Climatologist Gary McManus had his comedic look at things in his published weather forecast. “Summer is here, wheat harvest is in full swing, …
Highschoolers toured D.C. courtesy of Oklahoma Electric Cooperatives
Sixty-nine highschoolers from across rural Oklahoma towns returned from a weeklong, all-expenses-paid trip to Washington D.C. sponsored by local electric cooperatives in Oklahoma. In following a longtime tradition that spans decades, the Oklahoma Association of Electric Cooperatives (OAEC) which represents 30 co-ops in Oklahoma – in coordination with the National Rural Electric Cooperative Association – hold …
Small drop in oil and gas rig numbers in Oklahoma’s plays
Despite a drop of two drilling rigs in the past week, Oklahoma’s oilfield activity remained strong. Baker Hughes, in its most recent rig report, showed a decline only in the Granite Wash play where the decline of one rig left 13 others still active. The Cana Woodford added a rig to reach 21 for …
Western Colorado being opened by BLM to more oil and gas exploration
The federal government has just approved a 224-well oil and gas drilling project in western Colorado and at the same time opened a public comment period for more proposed drilling in the region. The Bureau of Land Management came out with an announcement after a court ordered the agency to redo its environmental analysis. …
Supreme Court decision raises confusion over nuclear waste storage in Texas
A recent decision by the U.S. Supreme Court to restart plans to temporarily store nuclear waste in rural Texas and New Mexico could mean even more opposition by Texas Gov. Greg Abbott. At the same time, the company that applied for a federal license to build a storage site in West Texas indicated it …
Westwin Elements announces agreement in move to be nation’s first major nickel refinery
The company with plans to become America’s first major nickel refinery in Lawton announced its first binding commercial agreement. Westwin Elements called it a “milestone seven-year sales and purchase agreement” with Golden Age Free Zone Establishment which is a subsidiary of Apex Group-Turkiye. The company is operating a nickel/cobalt refinery test plant in …
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