A Canadian firm recently announced the discovery of a huge site of uranium in the central Wyoming Red Desert. Canada-based hedge fund Premier American Uranium Inc. says its early findings suggest that anywhere from 8 million to nearly 13 million pounds of uranium were discovered. The firm says it’s a significant discovery as …
Category: General
Record oil production in Permian and Bakken Basins
Despite the Biden-Harris administration’s efforts to eliminate oil and gas production, oil production in the nation’s two top regions, the Permian and Bakken basins, are turning out oil and gas at rates not seen in 13 years. It even has one organization, Macquarie Group, predicting the country’s crude production will be far stronger …
Southwest Airlines breaks ground for sustainable aviation fuel plant in SW Kansas
In the southwest Kansas city of Liberal, SAFFiRE Renewables recently broke ground on a new pilot plant where corn stover will be converted into ethanol. SAFFiRE is a wholly-owned subsidiary of Southwest Airlines and is building the plant at Conestoga’s Arkalon Energy ethanol facility. Corn stover consists of the leaves, stalks and corn cobs …
Energy briefs
** Two congressional Republicans asked the Pentagon on Wednesday to add the world’s biggest manufacturers of electric vehicle (EV) batteries to a list of entities subject to restrictions because of ties to the Chinese government. In the letter, Sen. Marco Rubio (R-Fla.) and House Select Committee on the Chinese Communist Party Chair John Moolenaar (R-Mich.) called on …
OPEC+ October increase in production sent crude prices sliding downward on Friday
Crude oil prices finished the week with another day of losses as they dropped more than 3% in the states and 1% overseas, largely because OPEC+ indicated it will start an increase in oil supply in October. OPEC+ has a planned oil output increase scheduled for October. The impact on crude prices came as Libya’s …
Halt in Libya’s oil production sent crude oil prices up $1 a barrel
Crude oil prices finally rebounded on Thursday, rising by more than a dollar a barrel and at the same time, most Oklahoma energy stocks had a strong day in trading. Supply disruptions in Libya and Iraq’s plan to lower output led to the increase in oil prices. Reuters reported more than half of Libya’s oil …
Drought Monitor shows rainfall is needed in Oklahoma
Oklahoma’s drought just took a big leap forward, and not for the good. Consider the pictures of dry land shown on the latest Mesonet report. They show a serious need for some rainfall. State Climatologist Gary McManus, put it this way in his Thursday morning Mesonet update. “We saw another big jump …
Turnpike Authority couldn’t get cooperation for new turnpike frontage roads
Because the Norman City Council voted against the Oklahoma Turnpike Authority’s controversial new toll road through the city and surrounding area, the Authority has responded by canceling plans for frontage roads on the project. The decision applies to the 28-mile turnpike that will not only connect the towns of Newcastle, Blanchard and Tuttle to …
Oklahoma man indicted for shooting at Tulsa PD helicopter
On August 5, 2024, a grand jury in the U.S. District Court of the Northern District of Oklahoma indicted Bryce Daniel Hubbard for one count of interference with the operation of an aircraft. The Tulsa Police Department previously arrested Hubbard for allegedly shooting a firearm at a Tulsa Police helicopter while in flight on …
With doubts of survivability, Canoo reveals move of headquarters
Electric vehicle manufacturer Canoo, while admitting it still has ongoing concerns about its future and whether it will survive and produce cars at its Oklahoma City manufacturing plant, made it official, recently announcing that it is moving its headquarters from Torrance, California to north Texas. The move comes as Canoo struggles financially and admitted …