The U.S. Energy Information Administration (EIA) expects recent developments in global trade policy and oil production to contribute to lower global demand growth for petroleum products through 2026, which contributes to significantly lower oil prices than previously forecast. In its April Short-Term Energy Outlook (STEO), EIA points out significant uncertainties in energy supply, demand, and prices. The …
Category: General
Storm chaser licensing bill sent to interim legislative study
A bill calling for the licensing of storm chasers in Oklahoma has been put on hold with the House Author, Rep. Scott Fetgatter, R-Okmulgee announcing the measure will be studied in an interim legislative study. He explained he decided to take a deeper dive into the issue of storm chasing in Oklahoma before advancing …
Property rights bill wins Oklahoma Senate Committee approval
It doesn’t apply to utility easements, but a bill reinforcing property owners’ control over their land, even in cases involving other easements, won approval this week in the Oklahoma Senate Judiciary Committee. Sen. Lisa Standridge, R-Norman led the effort before the committee to get approval of House Bill 1060, which allows property owners to relocate …
Broken Arrow stretch film maker expanding into Mexico
One Oklahoma manufacturing firm that specializes in stretch film used in packaging has decided to expand its operations. But its expansion isn’t falling in line necessarily with the Trump administration’s move to grow manufacturing in the U.S. and keep it in the states. Paragon Films, based in Broken Arrow, announced it is expanding manufacturing …
EPA okays first carbon capture project in Texas
While Oklahoma legislators considered a carbon capture bill this session, in Texas, the EPA has approved a company’s carbon capture project. The Environmental Protection Agency gave approval to Occidental Petroleum Corporation’s application to capture carbon dioxide and inject it underground at a site near the city of Odessa. It is the first such …
Record crude oil exports from US in 2024
The U.S. government the country’s 2024 crude oil exports were a record, breaking the previous record set in 2023. According to the U.S. Energy Information Administration, the 2024 total exceed an annual average of 4.1 million barrels per day. Despite this new record, crude oil export year-over-year growth slowed to 1% in 2024, compared …
New Mexico adopts law to fund green energy projects
Among the 41 bills signed into law this week by New Mexico Gov. Michelle Lujan Grisham was one to give the state more funding power for green energy projects in small communities and to help utilities. One measure, House Bill 128 establishes a $20 million dollar fund to provide grants for solar energy and battery …
Missouri now allows utilities to charge ratepayers before projects are completed
Missouri Gov. Mike Kehoe made it official.. Under a bill he signed this week, a new law will allow utilities to charge ratepayers for power plants before they’re completed. One consumer group called it “nothing more than a profit-driven package that benefits utilities at the expense of hard-working Missouri families.” Gov. Keyhoe offered a …
Sen. Mullin targets California’s EV waivers that target gas powered vehicles
Oklahoma U.S. Sen. Markwayne Mullin has long been a critic of the green energy efforts of California. His latest effort is the introduction of joint resolutions of disapproval under the Congressional Review Act to repeal the state’s EV waivers that prohibit the sale of new gas-powered light-duty vehicles by 2035. He and Sens. Shelley Moore …
Energy briefs
** The U.S. Department of Energy (DOE) made conditional commitments to provide high-assay low-enriched uranium (HALEU) to five U.S. nuclear developers to meet their near-term fuel needs. This first round of HALEU allocations brings innovative American nuclear technologies one step closer to commercialization. ** The U.S. Department of Energy (DOE) has awarded BWX Technologies Inc. (BWXT) …