Remember when President Biden took oil out of the nation’s Strategic Petroleum Reserve to lower the country’s gasoline prices? Oklahoma’s congressional delegation squawked about it at the time and charged Biden did it only for political purposes. But now the Trump administration is in no hurry to refill the Reserve even though President Trump had …
Category: Oil & Gas
Crude more more gains on Thursday as summer driving season increases demand
Just as we highlighted the number of Oklahoma counties with $3 gasoline, crude oil prices gained again on Thursday and experts credited increased summer driving behind the growth. The higher demand prompted by more drivers on the road overrode concerns about supply risks in the Middle East as Iran and Israel continue their …
$3 gas spreads across Oklahoma reports AAA
The last time AAA reported on gasoline prices across the country, it was headlined “Gas Prices on Cruise Control to begin June.” But judging by the latest prices in Oklahoma, it would appear the cruise control might be coming off. The latest AAA report showed Oklahoma’s average price for gasoline was $2.81 per …
Scott Mitchell talks energy with Jerry Bohnen—how a former legislator keeps winning in his energy lawsuit
Oklahoma experienced another loss before the State Supreme Court in its fight to defend the two-year old Energy Discrimination Elimination Act. The Court rejected the Attorney General’s bid to stop former legislator Collin Walke from continuing the fight after his client, Don Keenan, 81, died in April. It also proved to be a discussion …
Waiting for 2Q earnings report from ConocoPhillips
Most major oil and gas companies are getting ready for the release of their second quarter earnings report. One such firm is ConocoPhillips and it plans a release of the report before the market opens on August 7. Later in the day at 11 a.m. central time, the firm’s executive leadership will hold …
Treasurer featured in Wall Street Journal over shift of political activism
The same week we reported on the status of a lawsuit before the Oklahoma Supreme Court regarding the state’s Energy Discrimination Elimination Act, Treasurer Todd Russ was featured by the Wall Street Journal for his role in changing ESG practices of banks and investment firms. The WSJ article focused on how major U.S. banks are …
Sweating your monthly electric bill? You’re not alone
We’ve reported time and time again how rising electric rates aren’t just faced by Oklahomans, but millions of Americans. Just as Oklahoma consumers have complained about rate hike requests constantly being made by Oklahoma Gas and Electric, Public Service Company of Oklahoma and other utilities, so too are ratepayers of utilities in other …
Energy briefs
** Constellation Energy plans to restart Unit 1 of the former Three Mile Island nuclear power plant as the Crane Clean Energy Center. In a $16 billion deal between owner Constellation Energy and Microsoft to power the tech giant’s AI data centers, Three Mile Island is set to return to service as the Crane Clean …
Large draw on crude supplies sent prices higher on Wednesday
Crude oil prices made slight gains on Wednesday but it wasn’t due to any cautious stances over the Iran-Israel ceasefire and the fighting that has gone on in the Middle East in the past week. It was the larger-than-expected draw in U.S. crude stocks, a sign of firm demand and the summer driving …
Cheniere to expand LNG exports in $3 billion project
Cheniere Energy announced a nearly $3 billion expansion project to increase its handling and exporting of liquefied natural gas, creating the LNG out of the natural gas it receives from Oklahoma and various other sources. The Texas company said the $2.9 billion expansion will increase production by 3 million metric tons a year. Some …