What can we expect from 2025 regarding oil prices, production and the consumption of electricity? The U.S. Energy Information Administration is out with its forecast. Global oil prices. We expect downward oil price pressures over much of the next two years, as we expect that global oil production will grow more than global oil …
Category: General
Single digit temperatures to return this weekend in Oklahoma
Get ready to bundle up this weekend in Oklahoma. A really cold “blue norther” is about to hit the state and as Oklahoma Climatologist Gary McManus predicts, the fun arrives Saturday morning and stretches into early next week. Any oil patch crews, farmers and ranchers and workers and outdoor workers should be prepared for …
Sen. Deevers diesel bill would skirt EPA restrictions
Elgin State Sen. Dusty Deevers has been one busy legislator pre-filing several bills before the state of the legislative session. His latest is a bill to protect the rights of Oklahomans to own, operate and manufacture diesel engines without meeting EPA regulations. His SB457 the Diesel Engine Freedom Act is described as a landmark …
Permian basin oil company takes part in protection of night time environment
A Permian basin energy company recently was recognized for its efforts to protect and maintain the nighttime environment. Three Franklin Mountain Energy sites in Lea County, New Mexico were classified as DarkSky Certified and are the first oil and gas sites in the world to get the distincition. What’s a DarkSky certification? It’s …
Energy briefs
** The U.S. automotive industry saw a record number of electric vehicles sold in 2024, with 1,301,411 units breaking last year’s record with a 7.3% year-over-year increase. A record fourth quarter saw 365,824 units sold in the U.S., despite some weakness from sector leader Tesla Inc (NASDAQ:TSLA). Fourth-quarter EV sales were up 15.2% year-over-year in the U.S., as reported by Cox Automotive’s …
Crude oil prices dropped more than 1% on Tuesday
After a few days of gains, crude oil prices fell more than 1% on Tuesday’s trading following a government forecast of steady U.S. oil demand in 2025. New U.S. sanctions announced last Friday on Russian oil exports to India and China limited some of the tumble in prices. The drop in prices came after …
PSO rate hike and Open Meeting Act exemptions to be decided by Corporation Commissioners
Oklahoma Corporation Commissioners will meet Wednesday to consider two issues that will affect ratepayers and the public. One is a $120 million rate hike requested by Public Service Company of Oklahoma and the second is the creation of rules regarding an act that allows regulators to meet without notifying the public to discuss …
Cherokee Nation to expand EV charging ports with help of federal grant
The Cherokee Nation plans to use a nearly $11 million federal grant to expand its electric vehicle charging system across a dozen locations. The $10.7 million grant from the U.S. Department of Transportation will be used to install 112 publicly accessible EV charging ports, according to Cherokee Nation Principal Chief Chuck Hoskin Jr. …
Eminent domain protesters gathered at South Dakota capitol
As eminent domain falls under more and more scrutiny over the development of major transmission lines across the state of Oklahoma, the very same topic drew protesters this week at the South Dakota Capitol. A lawmaker there also filed a bill to ban the use of eminent domain for the development of carbon pipeline …
Southwest Power Pool names new COO and executive V-P
Southwest Power Pool (SPP) announced Jan. 14 that Antoine Lucas will become its executive vice president and chief operating officer (COO) effective April 1. Lucas joined SPP in 2007 and currently serves as vice president of markets. He will succeed current COO Lanny Nickell, who was selected to serve as SPP’s new president and CEO effective April …