Alisha Davidson

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Closing: Oil futures higher on worries about global supply

The potential for war in the Middle East and the possible disruptions to the oil supply were the main drivers for oil futures settling higher Thursday.  Observers say the surprise increase in US crude and gasoline inventories provided a ceiling for prices. Brent crude oil futures settled up $1.14 to $86.39 a barrel. West Texas …

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US Supreme Court blocks “Good Neighbor” rule

The US Supreme Court has blocked the federal “Good Neighbor” rule after requests from three states, energy companies, and industry groups that it be paused. Part of the Clean Air Act, the rule is aimed at reducing air pollution and harmful smog that can travel into neighboring states.  Thursday’s vote was 5-4. The rule will …

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Oklahoma City voters will be asked to approve a light rail plan next year

Voters in Oklahoma City will be asked to approve a light rail plan for a route between Will Rogers World Airport and the downtown area next year. The Regional Transportation Authority of Central Oklahoma has approved the plan.  It would be part of a network that includes service to Tinker Air Force Base and a …

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US Senate probes suspected collusion among domestic oil producers

The US Senate budget committee has launched an investigation into suspected collusion among 18 domestic oil producers.  Exxon, Chevron, and ConocoPhillips are among the companies targeted. The Federal Trade Commission barred former Pioneer Natural Resources CEO Scott Sheffield from taking a seat on Exxon’s board of directors last month based on allegations he tried to …

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API sues, says new federal standards effectively ban new liquid fuel-powered vehicles

The American Petroleum Institute is part of a federal lawsuit filed over new fuel economy and efficiency standards from the National Highway Traffic Safety Administration.  Those standards were finalized earlier this month. The suit alleges they effectively ban new liquid fuel-powered vehicles by requiring mileage rates to be improved by 2% per year starting in …

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Oklahoma Insurance Commissioner answers key questions about homeowners program

Oklahoma Insurance Commissioner Glen Mulready is answering some key questions about the state program for homeowners. Governor Kevin Stitt signed the Strengthen Oklahoma Homes Act in May.  The legislation is aimed at helping Oklahomans fortify their homes and reduce their homeowners’ insurance rates. The new law goes into effect November 1st. Continue reading

OG&E Moves Forward With Rate Increase Before Receiving Approval

Oklahoma Gas and Electric reports it is moving forward with a rate increase that is still pending approval by the state Corporation Commission.  Current rules allow moves like that one and this isn’t the first. OG&E settled earlier this month with parties opposed to the rate change request.  The Oklahoman reports the AARP is the …

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Lessening Demand Results In Lower Sticker Prices For EVs

The gap between the price you pay for your new or used internal combustion engine vehicle and an EV is shrinking.  The demand is off despite federal government incentives. The average price of a new EV in May was $56,648, a drop of 15% from two years ago.  Used EV prices have cratered by 42% …

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Update: OCC delays decision on request from utility

Members of the Oklahoma Corporation Commission have decided they need more time for research before ruling on a request from Public Service Company of Oklahoma. PSO had asked the Internal Revenue Service to rule on a deferred tax expense program two years ago.  The utility finally got a response recently. If the OCC approved the …

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Closing Prices: Oil Prices Settle Higher Despite Surprise Report

Oil prices settled a little higher Wednesday despite an unanticipated increase in US gasoline supplies. Brent crude futures were up 24 cents to settle at $85.25 per barrel.  West Texas Intermediate crude futures settled at seven cents higher at $80.90 per barrel. Rising tension between Israel and Hezbollah in Lebanon have worried investors that an …

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