Category: General

City learns the hard way not to back out of a fuels contract just because prices dropped

  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 …

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Nation’s oldest church in Santa Fe has solar panels

  Going solar—the nation’s oldest Christian church, San Miguel chapel in the heart of Santa Fe, New Mexico. Solar panels were recently installed on the roof of the church that was constructed in 1610. Since it is located in a Historic District, it means special construction requirements and permits had to be met by installers …

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Buc-ee’s chews away at purchase price for Arkansas site

  As some in Oklahoma wonder if and when the state might ever get a Buc-ee’s travel center, Arkansas is winning the race. Reports by the Benton Courier and Arkansas Business indicate the city of Benton wants to renegotiate the proposed sale of 29 acres of city land for the site of the Buc-ee’s. The city …

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Oil industry ends fight with ethanol developers to battle EV mandates

    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, …

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Renewables NextEra Energy sees lower 2Q earnings

  NextEra Energy, the renewable energy company with wind farms in Oklahoma, recorded lower revenue in its renewables and electric utility businesses during the second quarter. But the drop wasn’t enough to take the wind out of the company’s economic sails. The company, in the midst of a fight with residents in Enid where it …

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Energy briefs

** 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. ** …

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Rep. Cole—a President Harris would throttle American energy

    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 …

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Gulfport to update investors with 2Q earnings report

  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 …

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Charges fly between corporation commissioners—tensions erupted

    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 …

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Crude oil prices drop to a six-week low

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 …

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