It’s not nice to renege on a deal—just ask the city of Albuquerque, New Mexico. Not only did it lose a lower federal court ruling that it should not have backed out of a fixed-price contract with Davidson Oil Company for city fuel needs, it now has lost an appeal with the Tenth Circuit …
How’s this for an odd couple….the oil and gas industry teaming up with biofuels producers to fight for liquid fuels. Mike Sommers, president and CEO of the American Petroleum Institute admits their working together comes after decades of fighting over the development and growth of biofuels such as ethanol. After feuding for decades, …
** Tesla (TSLA) reported mixed second quarter results after the bell on Tuesday, though the EV maker did say it was on track for production of new vehicles, likely a cheaper EV, in the first half of 2025. Tesla also said its growth rate in 2024 would be “notably lower” than what it achieved in 2023. ** …
At least two Oklahomans in the U.S. House of Representatives have condemned the energy stances of Vice President Kamala Harris who is now running for President. Congresswoman Stephanie Bice told OK Energy Today, “Vice President Harris, who once called to end all fracking, is no friend to the oil and gas industry. In …
Affected by low prices, Gulfport Energy Corporation decided at the end of April to defer some of its drilling and now will release second quarter earnings. Investors will learn whether the deferral of exploration did any good and how it affected earnings. The Oklahoma City company focuses much of its drilling in the Marcellus …
The below the surface tension between Oklahoma Corporation Commissioners Todd Hiett and Bob Anthony erupted again Tuesday into a display of animosity and political charges. And it stemmed from the 2021 Winter Storm bonds and how ratepayers will be paying for decades to come. Hiett accused Anthony of trying to trick the public …
Make three straight trading days where crude oil prices have dropped. On Tuesday, prices dropped nearly 2% and hit a six-week low because of growing worries about oil demand in China and the possibilities of a ceasfire in Gaza. Both WTI and Brent hit their lowest closes since June 7 and Reuters reported it pushed …
Oklahoma was among 27 states that took their fight this week against the EPA’s carbon rule to the U.S. Supreme Court. The rule was finalized in May and quickly led to a lawsuit by Republican attorneys general from 27 states and industry groups who attempted to block the landmark rule. The rule requires sweeping …
Just a few days after an Oklahoma County District Judge ruled that Oklahoma’s anti-ESG law should be permanently enjoined from enforcement, the state supreme court was asked to dismiss an earlier state appeal of the judge’s temporary injunction. Attorney Collin Walke, who led the fight on behalf of state retiree Don Keenan in his …
** According to a report from WalletHub published on July 1, 2024, consumers in Wyoming pay an average of $1,591 annually for electricity. That’s more than four times the cost of electricity in the lowest-cost states. ** Occidental Petroleum, a Texas-based oil company, claims it will be net zero by 2040, but its methods are …
