** Lawyers from ClientEarth, a Shell shareholder, are seeking to hold the oil and gas giant’s 13 directors personally liable for what failing to adequately prepare for the global shift to a low-carbon economy. ** Intel plans to invest up to $89 billion over the next decade to build up Europe’s supply chain for semiconductors according to CNN Business. ** The …
Category: General
New transmission line proposed for SE Kansas and SW Missouri
A plan is being presented for construction of a 94-mile power line to provide electricity in southeast Kansas and southwest Missouri. Both the Kansas Corporation Commission and the Missouri Public Service Commission must approve the 345-kilovolt transmission line proposed by NextEra Energy reported KSNF. Click here for KSNF
More growth coming for some Oklahoma energy operators?
A report by Reuters suggests that Oklahoma-based energy companies, Devon Energy and Continental Resources are among those firms likely to be looking seriously at more acquisitions of smaller operators. The report indicated it’s part of the growing “dealmaking” in the industry—mergers and acquisitions. Click here for Reuters
Do you understand gas prices and their relationship to oil?
Rick Newman ·Senior Columnist A misunderstanding of the dynamics of oil prices and their relation to gasoline prices. While the Biden administration launched its PR effort to blame Putin for record-high gasoline prices instead of pointing the finger at its own economic actions, some Democrats in congress now are proposing taxable actions against oil and …
Attorney General opts out of defending state in securitization challenge
Oklahoma Attorney General John O’Connor says he could not make a substantial contribution in defending Oklahoma’s nearly year-old bond securitization Act that arose from the 2021 February winter storm and won’t intervene in a lawsuit challenging its constitutionality. In a filing on Tuesday, March 15, the attorney general responded to an intervention offer made …
Crude fell 6% and slipped below $100 in Tuesday’s trading
Crude oil took a more than 6% fall in Tuesday’s trading and settled below $100 a barrel, reaching the lowest level in nearly three weeks while the Dow rose and Oklahoma energy stocks took a hit. It wasn’t the continued war in Ukraine that apparently worried investors but rather increased worries about demand for …
Oklahoma plant makes EPA’s Energy Star list
The U.S. Environmental Protection Agency announced that 93 U.S. manufacturing plants, including one in Oklahoma earned the agency’s ENERGY STAR certification in 2022. ENERGY STAR plants are verified to be among the most energy-efficient plants within their industries. Making the list from Oklahoma was only the Koch Fertilizer Enid, LLC. The EPA said together, …
Canadian rail strike could affect flow of crude through Oklahoma
As thousands of rail workers in Canada threatened a strike that could affect the amount of crude oil carried by rail south through Oklahoma and other states, some Republican senators want Canadian Prime Minister Justin Trudeau to step in and settle things. Without a Keystone XL pipeline, a line eliminated by President Biden on …
Long before Manchin opposed Fed nominee, Lankford stood firm
The way some political observers put it, President Biden’s nomination of Sarah Bloom Raskin to the Federal Reserve is “all but tanked.” It doesn’t matter now since Raskin on Tuesday withdrew her nomination as the handwriting was on the wall. Especially since Sen. Joe Manchin came out this week saying he wouldn’t support …
Wind tower collapse under investigation
The collapse of a wind tower in Wyoming is under investigation near Cheyenne. The probe is being carried out by Duke Energy and according to the Cowboy State Daily, such a collapse is considered to be “very rare.” Click here for Cowboy State Daily.