Crude oil prices and Oklahoma energy stocks fell in Wednesday’s trading as crude dropped 1.5%, largely after the Federal Reserve hinted at more interest rate hikes this year. The hint left the markets worried about demand, especially after there was another build in U.S. crude oil stocks. West Texas Intermediate crude dropped $1.15 per barrel …
Increases in the amount of crude oil in storage at the Cushing Hub in Oklahoma and across the nation were reported over the past week. The U.S. Energy Information Administration reported Wednesday that Cushing’s total amount of crude oil in storage had grown to 42.1 million barrels. A week earlier, the total was …
Oklahoma’s economy in May was apparently pretty flat…at least that’s how one state agency described the state’s General Revenue Fund collections–“substantially flat.” That’s how the Oklahoma Office of Management and Enterprise Services put it in revealing the May collections were $702.7 million, an amount that was $84 million or 13.6% more than the initial …
As residents near Carlsbad, New Mexico and West Texas remain opposed to nuclear waste site dumps near their homes, the government announced this week it will search for other sites to also store spent nuclear fuel. It will cost $26 million to conduct the study to find communities willing to accept a temporary federal …
The Environmental Protection Agency plans a crack down on Colorado’s only oil refinery after studies show it released more air pollution than others its size. Tests showed Suncor had more excess releases of sulfur dioxide-laden tail gas than any of 11 comparable refineries according to the Region 8 EPA study. “We will use this …
This week, News 9 political analyst Scott Mitchell talks with OK Energy Today’s Jerry Bohnen about everything from recent Canadian wildfires to the future and past of nuclear energy in the southwest United States as a blockbuster movie about the development of the atomic bomb gets set to premiere.
The challenges of biodiesel refining claimed one of the nation’s eleven biodiesel refineries. W2Fuel in Crawford, Iowa shut down operations this week with a company official explaining the firm needed more certainty for the need of its product. The plant produced nearly 10 million gallons of fuel a year. But there was doubt about …
The 370-mile long Grain Belt Express Clean Line Project won approval this week from the Kansas Corporation Commission. The line is part of Invenergy Transmission LLC’s plan of transmitting southwest Kansas wind powered electricity over 780 miles east into Illinois. KWCH TV news reported the approval means construction on the Kansas side of the …
** U.S. climate envoy John Kerry on Tuesday urged the world to be “very skeptical” about claims from oil and gas producers that emerging technology soon will allow people to adequately capture the climate-wrecking fumes emitted by their cars, planes and businesses. ** West Virginia Sen. Shelley Moore Capito and Rep. Carol Miller have teamed …
Despite opposition from one Magellan Midstream shareholder, ONEOK and Magellan are moving ahead in preparation of ONEOK’s $18.8 billion acquisition of the Tulsa company. In a filing with the Securities and Exchange Commission, the two companies described it a “fast paced few weeks since we announced our merger.” The two announced the formation of …
