Records reflect that the Dallas company chosen to handle the billions of dollars in ratepayer-backed bonds to cover 2021 Winter Storm Uri costs for a handful of Oklahoma utilities has a record of more than $15 million in penalties, fines and ordered-restitution, some through the Securities and Exchange Commission. It would appear the decision-makers …
Category: General
Inflation is not only still with us, it’s growing and Oklahoma Reps don’t like it
While gasoline prices have fallen in Oklahoma in the past several weeks, growing inflation grabbed the attention Tuesday of Oklahoma U.S. Reps. Kevin Hern and Tom Cole following the government’s announcement that the Consumer Price Index grew by 0.1% from July and 8.3% higher than a year ago. “Inflation remains the number one issue …
OKC’s FAA Center to feature huge solar panel project
The FAA’s largest solar project to date is coming to the Mike Monroney Aeronautical Center in Oklahoma City. The clean electricity generated from the solar panels on FAA property will help serve the Center’s power needs. “This project captures the area’s abundant sunshine, will save valuable taxpayer dollars and will help build a more sustainable aviation …
Other headlines
** U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday. ** Offshore wind projects like those by US Wind and Ørsted were boosted Wednesday as the Maryland Energy Administration added $1.6 million to fund additional …
Cheniere boasts of more earnings from LNG
Cheniere Energy, the company that gets natural gas out of Oklahoma’s STACK and SCOOP plays, said this week that some of its liquefied natural gas exports will depart sooner than expected. Cheniere, the nation’s largest exporter of LNG, said its earnings already total about $11.3 billion this year, up from the $10.1 billion previously …
Lankford and Inhofe move to prevent foreign purchases of Oklahoma farmland
No more foreign purchases of Oklahoma farmland. It’s the goal of a bill introduced by Senators James Lankford and Jim Inhofe. In light of growing concerns about recent purchases by China of U.S. land near some military installations, the two senators don’t want it to happen in their state. They announced their filing Monday …
While crude oil prices rebounded, Oklahoma energy stocks were strong on Monday
Growing success by Ukraine in its war against Russia’s invasion apparently had something to do Monday with a gain in crude oil prices. Oklahoma energy stocks had a strong showing including one with a 7% gain for the day. Plus, investors are optimistic that Wednesday’s latest inflation figures might show improvement in the second year …
Solar fight underway in eastern Iowa’s corn country
An eastern county in Iowa is considering standing up and opposing large-scale solar operations, a sign that not everyone is racing to adopt renewable energy on a wholesale basis. The consideration of putting severe restrictions on such energy production in Scott County arose after one farmer wanted to allow Alliant Energy to erect solar …
Chesapeake Energy announced amendment of exchange offers relating to warrants
Chesapeake Energy Corporation announced Monday that it has amended its previously announced exchange offers relating to its outstanding different warrants. The announcement covered Class A warrants, Class B warrants and Class C warrants, each to purchase shares of common stock, par value $0.01 per share, of the Company. Chesapeake extended the offering period for …
What would a nationwide rail strike mean to U.S.?
You think prices are high now? Wait until a possible railway strike slaps the nation. Consumers will likely be reeling if it happens. The White House scrambled this week to avoid the strike threatened by more than 90,000 workers from 13 unions around the nation, a strike they say will happen if they cannot …