At least two bills came out of the current Oklahoma legislative session focused on Electric Vehicles. They were signed into law by Gov. Kevin Stitt. As KOSU radio reported the measures were House Bill 1712 and House Bill 2234. Click here for KOSU story.
Category: Oil & Gas
Criminal gang believed behind cyberattack on Colonial pipeline
It wasn’t just any cyberattack that forced the shutdown of the Colonial Pipeline which carries gasoline and other fuel from Texas to the Northeast. Turns out, according to law enforcement officials the attack was carried out by the DarkSide criminal gang, one known as something of a Robin Hood group that reportedly takes from …
US crude price moved closer to $65 a barrel
Investors hope for another slight rebound in crude oil prices on Monday after the increase recorded on Friday both in the US and in Europe. West Texas Intermediate crude oil for June delivery finished up 19 cents to settle at $64.90 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent …
Oklahoma lawmakers join the earmarks movement in Congress
At least three Oklahoma members of the U.S. House apparently figure if Democrats are going to bring back the controversial earmark system that the late Oklahoma U.S. Sen Tom Coburn so heavily criticized, then they want to make sure Oklahoma isn’t left off the money list. Reps. Frank Lucas, Tom Cole and Stephanie Bice …
A brewing Oklahoma fight over Biden’s clean energy efforts
Reports suggest Oklahoma and the White House will clash over the Biden administration’s plan to force 100% clean electricity upon the nation by 2035. First of all, it would mean a giant step away from the fossil fuels that make up a large segment of Oklahoma’s economy and state leaders are not so eager …
Energy Transfer to make windfall profits from winter storm
Another energy supply firm that’s expecting a windfall from the deadly February winter storm that smacked Oklahoma and Texas and other Midwestern states is Energy Transfer LP. Reports indicated the Dallas company anticipates a gain of $2.4 billion from Winter Storm Uri as it cashed in on the huge prices for natural gas. Dallas-based …
Evergy doubled its 1Q earnings
Evergy, the utility that serves 1.6 million customers in Kansas and Missouri more than doubled its earnings in the first quarter of 2021 compared to a year earlier. The company said its profits were due to the exorbitant energy prices during the February winter storm that gripped the Midwest and forced utility to cut …
More gains made in US rig count
While Oklahoma’s rig count was unchanged at 21 in the past week, the US count rose by 8 to hit 448. Baker Hughes Co. reported the national count included a growth of 2 oil rigs to 344 while the number of gas rigs increased by 7 to 103. The US count is 74 higher …
Congresswoman eyes cleanup of abandoned oil wells polluting Latino and Indigenous communities
New Mexico Democratic congresswoman Teresa Leger Fernández wants congress to set aside $8 billion to handle tens of thousands of abandoned oil wells that she says are polluting Latino and Native American communities across the country. Many abandoned oil wells are located in her home state which has the largest percentage of Latinos in the U.S. reported …
Pipeline protesting law challenged
When Oklahoma adopted a law targeting protesters who trespass on pipeline land, Louisiana followed suit and now the law is being challenged according to a federal judge’s ruling. The judge ruled protesters from New Orleans and Mississippi and a New York journalist arrested during a protest of pipeline construction can continue their challenge of …