A bill aimed at attracting the crypto mining industry to Oklahoma has been introduced in the state legislature. State Sen. John Montgomery unveiled his “Commercial Digital Asset Mining Act of 2022” on the Senate floor according to Fox 25 News. Click here for Fox 25 News
Category: General
Other energy headlines
** High gasoline prices are already impacting demand, according to one energy expert. “Above $4 per gallon, you do see the American public change their driving habits. And we do actively see demand destruction,” Regina Mayor, global head of energy at KPMG, told Yahoo Finance Live. ** The White House is still trying to find a plan to lower …
O’Rourke vows he won’t back down from Energy Transfer chairman’s lawsuit
The lawsuit filed by Texas oil billionaire Kelcy Warren against Texas gubernatorial candidate Beto O’Rourke has created more headlines. O’Rourke responded to the lawsuit saying he’s ready for a fight. Warren, Chairman and former CEO of Energy Transfer filed suit after O’Rourke accused him of paying off Republican Gov. Greg Abbott. Energy Transfer is …
Dallas Fed predicts world recession without Russian energy exports
The Federal Reserve Bank of Dallas is out with a study by its economists who say the world economy will go into a recession this year without Russian energy exports. “If the bulk of Russian energy exports is off the market for the remainder of 2022, a global economic downturn seems unavoidable,” economists Lutz …
Frac sand prices up 3X from a year ago
Oil and gas explorers are facing frac sand prices that are 185% higher than a year ago. The high prices are considered another impediment in any growth of oil and gas exploration across the country reported Business Insider. Click here for Business Insider
Colorado’s governor blames oil and gas industry for high gasoline prices
The Democrat Governor of Colorado is at odds with the oil and gas industry as he joined President Biden in blaming the industry for the soaring gasoline prices at the pumps. Click here to read more from Axios as it highlighted how the prices are a political issue across the country.
Wind power growth in Texas presents a problem
The fast-growing wind industry in Texas gives the state an even bigger boost in being the number one wind-powered state in the country, but it also raises a power problem and challenge for Texas. A new study by researchers at Houston’s Rice University showed the growth in wind power also revealed the state’s energy grid is …
LNG security and cyberattacks concern Lucas and others in US House
House Science, Space, and Technology Committee Ranking Member Frank Lucas (R-OK) and Energy Subcommittee Ranking Member Randy Weber (R-TX) sent a letter to Department of Energy Secretary Jennifer Granholm requesting information about the Department’s efforts to assist the liquefied natural gas (LNG) industry to protect itself from cybersecurity threats from Russia. “There is a real and …
Ending Daylight Saving Time to a vote of Oklahomans?
Rep. Kevin West, R-Moore, convinced enough of his House colleagues to send to a vote of the people a proposal that could permanently end Daylight Savings Time in Oklahoma. House Bill 3146 would ask Oklahomans to vote on a statutory amendment that if approved would lock the clock on Central Standard Time in …
Crude oil suffers minor slip in prices while EU is undecided on total Russian oil embargo
Crude oil prices slipped in Tuesday’s trading on news that European Union nations might not be unanimous in a Russian oil embargo over Russia’s invasion of Ukraine. It’s an issue to be discussed Thursday when President Biden will join them for EU, NATO and G7 summits. The EU has already committed to reducing its …