The day after Thanksgiving Day, crude oil prices suffered a 2% drop over continuing worries about Chinese demand and growing debate over the Western price cap of Russian oil. West Texas Intermediate crude for January delivery fell $1.66 or 2.13% a barrel to settle at $76.28 on the New York Mercantile Exchange. Global benchmark …
Category: General
Evergy’s energy efficiency plan targeted by Kansas regulators
The staff of the Kansas Corporation Commission has come out against energy efficiency programs that could provide millions of dollars in help for Evergy’s Kansas customers. The Kansas Corporation Commission must sign off on the agreement that the utility reached with consumer and environmental advocates reported the Kansas Reflector. Click here for Kansas Reflector.
Completion reports for November 24, 2022
completions: none were processed today
Canoo moves closer to $1 million from OKC
Electric vehicle maker Canoo is a step closer to getting $1 million in incentives from Oklahoma City as part of the company’s decision to locate a manufacturing plant in the city. The City’s Economic Development Trust voted this past week to recommend that the City Council approve the request. The Oklahoman reported that under …
Gas pump thief busted in Texas
The 21st century way of stealing gasoline landed a man in jail around Houston this past week. He ended up getting 800 gallons of gas for $8 according to the Fort Worth Star Telegram. Click here for Star Telegram
Headlines of other energy stories
** Federal regulators this week approved a new oil terminal in the Gulf of Mexico off Texas over the objections of local activists, who argued the move contravenes the Biden administration’s stated climate goals. The Transportation Department’s Maritime Administration formally granted the license Nov. 21, ending a process that began under the Trump administration three years ago. ** Chevron Corp …
PSO wants even more from its customers as shown in latest rate request to regulators
Public Service Company of Oklahoma filed another rate hike request with the Oklahoma Corporation Commission and if approved, its customers would pay another $14 a month. In an announcement on Tuesday, PSO defended the request, citing greater energy security, reliability, long-term affordability, resilience, safety and economic growth. The proposal will provide funding to harden …
Crude prices rose Tuesday along with OK energy stocks
A pledge by exporter Saudi Arabia that OPEC+ would comply with its announced cuts in output sent crude oil prices up at least 1% in Tuesday’s trading. Oklahoma energy stocks saw gains as well. West Texas Intermediate crude for January delivery saw a 91 cent gain to $80.95 a barrel in trading on …
Cold discussion by Oklahoma regulators on OGE fuel charge request
Oklahoma Corporation Commissioners approved a move Tuesday to formally notify state leaders of the failure of the regulatory body to act within constitutionally required timelines on the request of OG&E to charge more to customers on their fuel adjustment collections. The coolness of the decision might have Commissioner-elect Kim David, who was in the …
More renewable energy courses funded at Northern Oklahoma College
A $2.2 million federal grant will help Northern Oklahoma College in the second year of a five-year effort to develop new STEM academic programs. The Enid News & Eagle reported the funding will allow the college to develop programs for associate degrees in Applied Science in Electronics Technology and in Precision Agriculture. Click here …