Crude oil prices had something of a weak Monday in trading as US benchmark prices rose slightly while European prices dropped. Analysts called it a finish on a mixed note as investors might be worried about the Biden administration’s use of the release of crude from the Strategic Petroleum Reserve as the means to …
Category: General
EPA sets hearings for proposed methane emissions restrictions
The Environmental Protection Agency announced the dates for public hearings on the agency’s proposed comprehensive new methane reductions efforts. The agency in announcing the dates said the protections were meant to “sharply reduce pollution from the oil and natural gas industry–including, for the first time, methane reductions from existing sources nationwide.” The proposed new …
Senate committee to review BLM nominee
Oklahoma U.S. Sen. James Lankford and others on a Senate Committee might vote Tuesday on the President’s nomination of another former Obama administration official to be a top official in the Bureau of Land Management. The Senate Committee on Energy and Natural Resources plans a hearing to consider the nomination of Laura Daniel-Davis to …
New Mexico proposes more energy exploration restrictions
Whether it be drilling for oil, mining or agricultural purposes, the state of New Mexico is proposing new standards and rules protecting so-called ‘cultural properties’ such as historic sites. Especially those of the state’s Native American land. The State Land Office has proposed the rule to require anyone planning a new soil-disturbing project on …
AEP chief confident US power grid can handle EV influx
The top man at American Electric Power, parent company of Public Service Company of Oklahoma has expressed confidence that America’s power grid will be more than capable of handling any explosion of electric vehicles in the coming years. It’s what AEP CEO Nick Akin recently told CNBC, saying, “We could handle it right now. …
The fight for transparency with regulators
Trying to get to the bottom of utility matters and obtaining some public records from state regulators can be challenging at times—sometimes difficult at best. One reporter with the Kansas Reflector found that out in attempting to learn more about what really caused the massive spike in natural gas prices during the February 2021 …
Tuesday energy news headlines
** International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data. ** Senate Majority Leader Chuck Schumer (D-N.Y.) urged the Biden administration on Sunday to tap into the nation’s emergency petroleum …
Special legislative session important to Oklahoma’s energy industries
Oklahoma’s legislature has gone into special session this week to focus on redistricting of the state’s congressional districts. While it might seem to be more of a political story than one dealing with energy, it will also eventually have an important energy connection. The state’s U.S. Representatives concern themselves with Oklahoma’s oil and gas …
Crude oil fell on Friday as did many OK energy stocks
The Biden administration’s threat of a possible release of crude from the Strategic Petroleum Reserve resulted in a drop in oil futures on Friday. Many Oklahoma energy stocks took the same route. West Texas Intermediate crude for December delivery fell 80 cents or 1% to $80.79 a barrel on the New York Mercantile Exchange. …
OK homebuilders reject increased green codes
Efforts to implement greener building codes in Oklahoma have been turned aside by homebuilders who argued such a move would have only increased the already rising costs of new homes in the state. The Oklahoman reports the Oklahoma Uniform Building Code Commission initiated the rejection of the proposal from an Energy Conservation Technical Committee. …