Republicans now in control of the U.S. House approved this week the creation of a special committee to examine China’s competitive threats against the U.S., a move that drew applause from Oklahoma Congressman Frank Lucas. The House adopted H.Res. 11– Establishing the Select Committee on the Strategic Competition Between the United States and the …
Category: General
Higher gas prices could hit us if ethanol plan is approved
If a plan by seven Midwestern state governors is approved to increase the use of corn-based ethanol, we could be staring at higher gasoline costs. The federal government is reviewing the plan that if approved would of course be good news for corn farmers, but not necessarily for consumers reported Bloomberg. Here’s why. It …
Soaring utility bills in Oklahoma result in calls for financial help
While home-heating financial assistance from federal programs is based on income levels, the funding assistance rose dramatically in Oklahoma from 2021 to 2022 according to figures provided by the state. The funding increased by millions of dollars, an indication that rising utility rates might have had a real impact on financial situations for families …
New federal office created for abandoned well plugging as Oklahoma moves forward
As Oklahoma moves ahead with federal funding of an abandoned well-plugging effort, there’s now a new federal office to handle such cleanup projects across the U.S. U.S. Secretary of the Interior, Deb Haaland announced this week she created an office to make sure there is efficient use of the Biden administration’s $4.7 billion investment …
Headlines of other energy stories
** Federal Reserve Chairman Jerome Powell said Tuesday it would be “inappropriate” for the central bank to plunge itself into the fight against climate change. ** Average wholesale electricity prices at major trading hubs in the United States rose throughout much of 2022 and were, at times, volatile as a result of extreme weather events reported …
No comment from trade unions over new Keystone XL pipeline report
When the Keystone XL pipeline project was canceled by President Biden, labor unions had plenty to say, and they weren’t kind to the White House. But this week, they had little to say when a new government report, yes by the Biden administration, admitted the cancellation hurt the country’s economy. As Fox News pointed …
Crude prices up after EIA prediction on world oil consumption
Oil prices made slight gains Tuesday but Oklahoma energy stocks suffered losses after the U.S. Energy Information Administration predicted record global petroleum consumption next year. Global consumption of liquid fuels is forecast to reach 102.2 million barrels per day in 2024, driven primarily by growth in countries like India and China, reflecting trends in …
Lucas chosen to chair House Science Committee
With Republicans now in control of the U.S. House, Oklahoma Rep. Frank Lucas was chosen this week to chair the House Science, Space, and Technology Committee of the 118th Congress. “I am deeply honored that my colleagues have chosen me to lead the Science, Space, and Technology Committee,” said Lucas who had been the …
PSO curtailment program approved by regulators
Oklahoma Corporation Commissioners have approved a special tariff proposed by Public Service Company of Oklahoma to help reduce the cost of electric services to certain participating customers. But not all. Approval came on a 3-0 vote last week despite opposition by the Oklahoma Industrial Energy Consumers whose attorney, Thomas Schroeder argued the Voluntary Curtailment …
Hamm to keynote OKC meeting of Energy Workforce
Billionaire oilman Harold Hamm will be the keynote speaker at the Energy Workforce’s Oklahoma chapter luncheon this month in Oklahoma City. The founder and executive chairman of Continental Resources, a company that Hamm just recently returned to full-private ownership by his family, will speak Jan. 26 at 11:30 a.m. The event will be held …