Author's posts
Lankford pushes for Senate’s support of FAA center in OKC
When the U.S. Senate took up a reauthorization bill for the Federal Aviation Administration, Oklahoma Senator James Lankford made his sales pitch on the importance of the FAA’s Mike Monroney Aeronautical Center in Oklahoma City. “I would safely say to everybody that if you’ve been on a flight lately and it took off and …
Hertz dumping more of its EVs than originally planned
Reports indicate Hertz,the rental car company, is planning to unload thousands more of its fleet of electric vehicles than originally planned. You might remember how the firm announced last year it planned to sell some of its EVs. Now it plans to sell another 10,000 of the vehicles even though Hertz had vowed last …
Southwestern Energy’s 1Q report shows $1.5 billion net loss
While the Federal Trade Commission considers the merger of Chesapeake Energy and Southwestern Energy of Houston, Southwestern’s debt just grew with the release of its first quarter earnings report. The company reported a net loss of $1.5 billion or $1.39 per diluted share. Southwestern’s total debt, as of March 31 of this year came …
Lankford joins fight to stop EV tax credits
Oklahoma U.S. Sen. James Lankford was among several Senators who joined Wyoming Sen. John barrasso in the introduction of legislation to bring an end to the federal electric vehicle and charging stations tax credit. It’s called the The Eliminating Lavish Incentives to Electric (ELITE) Vehicles Act (S. 4237) And BArrasso said it would stop taxpayer money from …
Texas congressman charged with taking bribes from Azerbaijan oil and gas firm
Texas Democratic Congressman Henry Cuellar and his wife deny the charges but were indicted Friday on charges of taking $600,000 from an energy company in the former Soviet republic of Azerbaijan. The indictments accused them of conspiracy and bribery and were the result of a long-term Justice Department investigation into ties between US business …
Barclays PLC added to banned energy discrimination elimination list in Oklahoma
Oklahoma State Treasurer Todd Russ announced his office added another company to the Oklahoma State Treasurer’s Restricted Financial Companies List, which is published on the treasurer’s website and subject to revision annually, but not more than quarterly as needed. The announcement drew immediate reaction from those critical of his efforts. During his continued efforts …
Energy briefs
** The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act on Friday, giving automakers more time to comply with some provisions about where battery minerals can …
US Regulators: Approve Exxon’s $60B Purchase Of Pioneer Natural Resources
The Federal Trade Commission has cleared the way for Exxon Mobil’s $60 billion dollar purchase of Pioneer Natural Resources as soon as Friday. There are conditions – and one is that former Pioneer CEO Scott Sheffield won’t be named to Exxon’s board of directors. Sheffield has been accused of colluding with OPEC to drive …
Crude fell again in Thursday’s trading, reaching a 7-week low
A slight drop in crude oil prices on Thursday sent them to nearly their lowest level in seven weeks following a bigger fall on Wednesday. It came after weaker global demand for crude oil, increasing crude stocks plus dashed hopes for a cut in US interest rates. West Texas Intermediate crude, considered the US benchmark …
House Republicans block Biden’s war on energy production in Alaska
Oklahoma’s congressional delegation was among Republicans in the U.S. House who stood up to fight the White House and its recent moves to restrict oil and gas exploration in Alaska’s National Petroleum Reserve and the Arctic National Wildlife Refuge. The House voted in support of H.R. 6285, Alaska’s Right to Produce Act. The final …
