A Colorado Judge has cleared the way for local governments to move ahead with their lawsuit wanting to hold oil and gas companies accountable for climate change damages. District Judge Robert R. Gunning ruled in the case of the lawsuit filed six years ago by the city of Boulder against Exxon Mobil and …
Category: General
Devon Energy top bidder in auction of Permian Basin land
A Bureau of Land Management sale of public land in New Mexico and Kansas to oil and gas operators netted nearly $34 million and Oklahoma City’s Devon Energy was the largest bidder for some of the land in the Permian Basin. Devon acquired a 480-acre tract of land in Lea County in a bid …
Residents organize to fight 30,000-acre wind farm in east Texas
East Texas residents are not happy about a proposed 30,000-acre wind farm near their homes. KTRH Radio in Houston reports they’ve organized with a grassroots effort called Stop Fannin-Lamar Wind. Click here for KTRH Radio
Who received most of the $50 billion in green energy government handouts?
As economist and journalist Stephen Moore points out this week in his daily Unleash Prosperity Hotline courtesy of the Committee to Unleash Prosperity, billions and billions of dollars have been handed out by the federal government for green energy projects. He says most of it went to the richest Americans: The federal government has …
Uinta Railway might still have a chance with the Supreme Court
A controversial rail line to carry oil from eastern Utah across Colorado still might have life after the U.S. Supreme Court agreed this week to consider an appeal of a lower court ruling that stopped the project. The 88-mile Uinta Basin Railway had initially received government approval but counties challenged the approval and …
Energy briefs
** Flooding on the Blue Earth River in Minnesota breached the Rapidan Dam Monday morning and it’s now in an “imminent failure condition,” officials said. Le Sueur County residents in low-lying areas of the Minnesota River Valley are advised to closely monitor the situation and potentially evacuate, according to the county’s emergency management office. ** US West …
Inflation slows Gulf Coast LNG projects
Rising inflation and a shortage of skilled labor are being blamed for delays in some LNG projects along the Gulf Coast. At least five liquefied natural gas projects in Texas and Louisiana and another 16 others are on the drawing board looking for investment and customers. Reuters reports however, that labor costs have …
Crude oil prices, stock prices start week mostly higher
Crude oil prices rose Monday with a lot of focus on Friday’s release of the US personal consumption expenditures (PCE) price index. West Texas Intermediate Crude futures gained 12 cents Monday to settle at $81.75 a barrel. Brent crude, the global benchmark, settled up 43 cents at $85.61 a barrel. Alliance Resource Partners, …
Schools could benefit from investing in clean, more-efficient energy
What are called “direct support” payments from the Internal Revenue Service could mean schools and other nonprofit organizations could see benefits from investing in clean, more efficient energy. Those tax breaks already existed for families and businesses. Now, school districts, churches, and other nonprofit organizations will be paid back for renovations that cut their energy …
Battle over Rio Grande water far from over
The battle over Rio Grande water isn’t done yet. The US Supreme Court has rejected a settlement between Texas and New Mexico. The high court sided with the Biden administration and its objections to the deal. Friday’s vote was 5-to-4. The suit was focused on how to account for water use in the Rio Grande …