A report in The Drive says some Tesla Cybertruck owners are only getting about 6,000 miles on their tires. EVs are known for causing excessive wear on rubber tires but the new EV Cybertruck apparently is even more stressful on the tires. Click here for The Drive
Oklahoma Treasurer Todd Russ says his August 2024 economic report shows the state’s gross production tax on oil and gas production was up 2% compared to August of 2023 even with falling crude oil prices. The revenue from the tax was $26.59 million on gas; $55.92 million on oil; $446,083 thousand on petroleum …
In a move that could affect the Oklahoma energy industry, an Oklahoma City legislator plans to try again to create a law to force working immigrants to legally obtain a license to drive in the state. Sen. Michael Brooks, a Democrat, announced he will refile legislation for the 2025 legislative session. His move …
** President Joe Biden has voiced his opposition to Nippon Steel buying U.S. Steel, but the federal government appears to be in no hurry to block the deal. White House officials earlier this month did not deny that the president would formally block the acquisition. But the necessary report from the government’s Committee on Foreign Investment in the …
North Dakota federal judge Daniel Traynor put the brakes on a new Biden administration rule to reduce flaring of natural gas at oil wells across the country. “At this preliminary stage, the plaintiffs have shown they are likely to succeed on the merits of their claim the 2024 Rule is arbitrary and capricious,” ruled …
Democrats in Congress aren’t giving up going after the oil and gas industry over climate change. Now a large group of them want to force the fossil fuel industry to pay for it. They unveiled a bill to allow the Treasury Department to tax major oil companies that are owned or operated in the …
Not only did Oklahoma see a gain of oil and gas rigs in the past week, so did the U.S., according to the latest Baker Hughes rig count released on Friday. Baker Hughes reported that Oklahoma gained 3 rigs in the past week, reaching a total of 41. The latest total compared to 39 …
Inola State Rep. Tom Gann showed he isn’t finished in his efforts to have Oklahoma Corporation Commissioner Todd Hiett removed from office over the allegations against him of drunkenness and the groping of a man in public. More than a week after Republican legislators Rep. Gann and Rep. Kevin West of Moore announced …
Friday brought a drop in crude oil prices after a few days of gains. The decline occurred as U.S. Gulf of Mexico crude oil production resumed after Hurricane Francine hit Louisiana. There was also an increase in the U.S. rig count. West Texas Intermediate crude settled down 32 cents or 0.5% at $68.65 a barrel …
Thursday and the impact of Hurricane Francine in Louisiana resulted in a 2% gain in crude oil prices. Offshore oil-producing areas of the Gulf of Mexico were hit by the hurricane and as a result, more than 730,000 barrels a day or nearly 42% of the oil output was shut-in, according to the U.S Bureau …
