While the world holds its breath wondering if the cease fire between Israel and Iran will hold in place, crude oil prices dropped 6% in Tuesday’s trading. A day earlier, they had fallen 7%. It’s an indicaton that investors apparently have strong expectations the ceasefire between Israel and Iran will hold and not disrupt …
June 24, 2025 archive
About one-fifth of global liquefied natural gas trade flows through the Strait of Hormuz
Not just oil flows through the Strait of Hormuz, the strip of sea that Iran said it would close in response to the U.S. bunker busting bomb attack last weekend. According to the U.S. Energy Information Administration, a lot of liquefied natural gas is transported through the Strait. In 2024, about 20% of global …
Undiscovered oil reserves in New Mexico?
New Mexico is one of two states with a major undiscovered oil and gas reserves that the U.S. Geological Survey believes exists on public lands. The Interior Department recent announced the undiscovered resources are under the federally managed public lands of the U.S. Estimations say there could be technically recoverable resources of 29.4 …
Oklahoma’s rare minerals development catches world’s attention
This week’s announcement by Westwin Elements of obtaining a long-term contract for its refining of Nickel at a facility in Lawton had a global impact. One publication suggested Oklahoma is a leader in the rare minerals production and competition with China. Certainly, it drew the attention of at least one worldwide media group which …
TSA—airports to be busy this July 4th holiday
State figures for Oklahoma travelers have yet to be released but the Transportation Security Administration believes it will likely screenmore than 18.5 million travelers at the nation’s airport security checkpoints during the approaching Fourth of July holiday. The TSA said this year’s projection includes Tuesday, July 1, through Monday, July 7, with the highest …
Another lithium refiner gets nod for royalty rate by Arkansas regulators
Arkansas regulators approved this week a lithium royalty rate for a second lithium refining operator. It was a unanimous approval of a 2.5% rate by the Arkansas Public Service Commission for ExxonMobilsubsidiary Saltwerx. Last month, regulators approved a similar rate for the joint venture by Standard Lithium and Equinor. ExxonMobil called the approval …
Iowa Governor’s veto of anti-carbon pipeline bill apparently won’t be overriden
It appears advocates for a tough law targeting eminent use by a carbon pipeline proposed in Iowa don’t have enough support to override the governor’s veto of the measure. There is enough support in the Iowa House for a special legislative session but not in the Senate to counter the veto by Gov. Kim …
Broadband board meeting moved to June 30
The Oklahoma Broadband Governing Board will hold a Special Meeting at 10:15 a.m. on Monday, June 30, in the Commission Room of the Oklahoma Department of Transportation, 200 NE 21st St., Oklahoma City. A previously scheduled meeting for Tuesday, June 24, at 4:00 p.m. at the same location was cancelled.
ERCOT leader confident of meeting summer electrical demands in Texas
As a heat dome hovers over the country, bringing 100 degree or greater temperatures, the head of ERCOT, the Texas grid, is confident it will be able to provide more than enough electricity to power air conditioners. ERCOT President Pablo Vegas also revealed in an interview that the grid has inspected more than 3,000 …
Energy briefs
** The U.S. Supreme Court rules that petroleum producers have standing to sue California over its vehicle emissions rules, saying the firms would be harmed by a gasoline car phaseout. ** Two large California oil refineries are shutting down, triggering mounting concerns from state legislators, industry groups and many others. The Phillips 66 and Valero’s Benicia …
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