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J.B. Hunt To Acquire BNSF Third Party Logistics Brokerage Operations
In a collaborative supply chain partnership spanning more than 30 years, Arkansas-based J.B. Hunt Transport Services Inc. and North Texas based-Burlington Northern Santa Fe, LLC announced J.B. Hunt has entered into a definitive agreement to purchase the brokerage operations of BNSF Logistics, LLC. BNSF Logistics, LLC is an affiliate of BNSF Railway Company (BNSF), providing …
Energy Tech Night at OKC’s Tower Theatre on Thursday Night
Energy startups, innovators, venture groups and the finance community will come together to catch up on the latest in emerging tech at Energy Tech Night to be held at the Tower Theatre in Oklahoma City on Thursday, August 10, 2023 from 6 p.m. to 9 p.m. Each quarterly Energy Tech Night offers insights from energy …
Biden Administration Delays Plans to Restock Emergency Oil Reserves
The Biden Administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 per barrel, according to a published report by the Associated Press. The Energy Department recently canceled a planned purchase of six million barrels for the strategic reserve, saying it wants to secure …
Oil Rises for Sixth Consecutive Week
Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns. Brent crude futures rose $1.10, or 1.3%, to settle at $86.24 a barrel, while the U.S. West Texas Intermediate crude …
Ada High School Student Pilots Attend EAA AirVenture Show in Oshkosh, Wisconsin
The Oklahoma Department of Commerce and Oklahoma Aeronautics Commission led a delegation of communities to exhibit at the annual EAA AirVenture show held at Wittman Regional Airport in Oshkosh, Wisconsin, according to an article in The Ada News. The Ada Jobs Foundation, Ardmore Development Authority, Bartlesville Development Authority, the City of McAlester and Tulsa International …
Texans Experience 800% Power Price Surge on Sunday
Texas residents experienced a power price surge on Sunday like no other in history – more than 800%! – as searing heat pushed demand toward record levels and strained supplies on the state grid. Bloomberg reported that electricity prices for the grid rose to more than $2,500 a megawatt-hour for Sunday evening, up from Saturday’s …
Oregon Ends Self-Serve Gasoline Ban
For the first time in 72 years, Oregon motorists can grab a fuel nozzle and pump gas into their cars on their own, since a decades-old ban on self-serve gas stations has been revoked, according to a published report by the Associated Press. Gov. Tina Kotek signed a bill on Friday allowing people across the …
Will Biden Designate Grand Canyon as Latest National Monument?
With President Biden’s plans to visit Arizona, New Mexico and Utah this week, sources speculate that the purpose of the trip is to designate a new national monument protecting lands outside the Grand Canyon National Park, according to a recently published report by E&E News. Speaking on conditions of anonymity, no further details were immediately …
Excessive Heat Strains Power Grid in Cushing
It’s the Dog Days of Summer and Cushing, Oklahoma – the pipeline capital of the world – is experiencing strains on its power grid due to the excessive heat. City officials are urging residents to conserve power in order to cool down substations until there is relief from the hot weather. The combination of heat …
Canoo Agrees to $1.5 Million Fine by SEC to Settle Revenue Projections Investigation
The U.S. Securities and Exchange Commission (SEC) issued a $1.5 million fine against electric vehicle company Canoo Inc. on Friday, citing reporting failures related to substantial and unreasonable revenue projections. The SEC alleged that Canoo, former CEO Ulrich Kranz and former CFO Paul Balciunas, misled investors about the company’s financial prospects prior to its public …