Geopolitical strategist Peter Zeihan has been thinking about the development of shale oil and its success in the oil and gas industry in the U.S. He wondered whether it can be duplicated in other countries. In a commentary this week, Zeihan suggested it’s not so easy in other countries….it’s not a matter of “copy …
A railroad fight in Tulsa over a butane transloading operation near a USA BMX facility near the city’s downtown has erupted in court. Tulsa sued South Kansas and Oklahoma Railroad LLC and Centennial Energy LLC and asked a judge to decide the question whether municipal or federal law takes precedence over the regulation of …
** Tesla reported net income of $1.1 billion for the January-to-March period, down 55% from the year prior. Revenue fell 9% to $21.3 billion. In contrast, GM reported a 24% rise in first-quarter profit and lifted its profit outlook for the year, as the automaker leans into strong demand for gas-powered trucks and SUVs while trimming investment in future …
An Oklahoma County Judge has ruled against dismissing a lawsuit against Oklahoma State Treasurer Todd Russ over his enforcement of the state’s controversial Energy Discrimination Elimination Act of 2022. District Judge Sheila Stinson denied the Treasurer’s request to dismiss the lawsuit filed last fall (CV-2023-3021) by Don Keenan, a former President of the Oklahoma …
Crude oil prices shot up a dollar a barrel in Tuesday’s trading largely because the U.S. dollar index dropped to its lowest level in more than a week. At the same time, most Oklahoma energy stocks made gains for the day. Helping boost the crude oil was a shift by investors away from …
Oklahoma Congressman Frank Lucas is still demanding more answers from the Biden administration over its decision earlier in the year to suspend LNG exports and construction of new LNG plants. He doesn’t like the answers he got from Energy leaders earlier in the year. In his capacity as chairman of the House Science, Space, …
Not quite two years after Oklahoma City challenged Oklahoma Corporation Commissioners over a franchise fee decision involving millions of dollars, the matter rests with the State Supreme Court. There is no indication when the Oklahoma Supreme Court justices might render a decision. They’ve had the case for the past five months. The City filed …
While the nation’s Strategic Petroleum Reserve sits well less than full because of the President’s decision to sell reserves to lower gasoline prices two years ago, he also suspended plans to refill the SPR—-prices are too high. One man writing in Real Clear Energy says President Biden has no one to blame but himself, …
Three years after the federal government approved oil and gas drilling leases on nearly 6,000 acres of land in New Mexico, it is thinking of revoking the contracts. The Bureau of Land Management is reported to be reconsidering a plan to lease the land in question in Eddy and Lea Counties, two counties …
Despite the work of the Biden administration and environmentalists against the use of natural gas, the U.S. had a record use of it in 2023. The U.S. Energy Information Administration reported this week that in 2023, 89.1 billion cubic feet a day of natural gas was consumed in the U.S., the most on record. Since …
