Tesla has gone to the Electric Reliability Council of Texas to allow utility customers with solar power to sell excess power back to the state’s grid. The company wants residential owners to be able to participate in the market, including, of course, owners of Tesla’s residential products, like its Powerwall according to a report …
Category: General
Big gains for Oklahoma energy stocks as crude prices rebound
Crude oil prices made a rebound on Wednesday and so did Oklahoma energy stocks with some seeing nearly 11% gains for the day. The return to higher crude prices came because of reported tight supplies and word that U.S. refiners increased processing activity to their highest since prior to the start of the coronavirus …
Supreme Court approves ratepayer backed bonds for ONG, PSO and Summit Utilities
The Oklahoma Supreme Court, in three separate rulings this week, signed off on more than $2.2 billion in ratepayer bonds for three utilities as they seek rate hikes to recover 2021 winter storm costs. But one justice expressed reservations about the new law used in requesting the financial help, noting that Oklahomans will be …
Rep. Bice says Dems’ price gouging bill is an insult to hardworking Oklahomans
Congresswoman Stephanie Bice says instead of taking ownership of the disastrous results of their own energy policies, Democrats are “gaslighting” the hardworking individuals in the energy industry. Writing in a column this week, she criticized Democrats for the Consumer Fuel Price Gouging Prevention Act that was passed last week in the U.S. House. Bice …
Oil volatility to grow in coming months
A report by Enverus Intelligence Research of Austin, Texas suggests volatility in the world and U.S. oil markets will increase in the second half of this year as the Ukraine war continues in Europe. The subsidiary of Enverus, a global energy data analytics and SaaS technology company released its latest FundamentalEdge report focusing on …
Oklahoma electricity affordability ranked 11th best in US
Oklahoma gets high rankings when it comes to energy affordability according to a new report by utility watchdog, the Citizens Utility Board. In its Electric Utility Performance review, CUB ranked Oklahoma 11 among the states, based on the Affordability Ranking. But it was ranked number 1 nationally for electricity cost per Kilowatt-hour for all customers …
Enviros release new oil and gas threats map across nation
A new report by environmental groups Earthworks and FracTracker Alliance contends more than 17 million people live within a half-mile “health” radius of active oil and gas wells and nearly 329,000 are in Oklahoma. The new geospatial analysis released by Earthworks and built in cooperation with FracTracker Alliance shows at least 328,633 Oklahomans are exposed to …
LSB announces plans to build nation’s largest ‘green ammonia’ plant in Oklahoma
Oklahoma is about to become the site of the nation’s largest ‘green ammonia’ plant. Oklahoma City-based LSB Industries announced it reached agreements with two firms to develop a technical process to manufacture the green ammonia, a product that will not result in any carbon emissions. LSB Industries, Inc. entered into agreements with thyssenkrupp Uhde …
Siemens pushes forward with takeover of subsidiary wind operation
As Siemens Gamesa struggles with a lack of wind turbine orders and prepares to temporarily shut down plants in Hutchinson, Kansas and in Iowa, the company faces a total purchase by Siemens Energy. It was May 21 when Siemens Energy launched a $4.28 billion effort for minority holdings in Siemens Gamesa reported Reuters. Shareholder …
Railroad Commissioner wins GOP runoff race
Texas Railroad Commissioner Wayne Christian won the Republican nomination this week in his re-election bid. He defeated oil and gas lawyer Sarah Stogner in the GOP runoff race according to the Texas Tribune. Click here for Texas Tribune