If it can happen to Oklahoma, it can happen to us. That’s the gist of commentary in a Virginia newspaper this week after Volkswagen picked Canada over Oklahoma for the site of its first North American electric vehicle battery plant. Writer Dwayne Yancey in The Cardinal News paralleled Oklahoma’s frustration over failing to attract …
Category: General
ExxonMobil opens expanded Beaumont refinery
ExxonMobil announced the successful startup of its Beaumont, Texas refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. Supported by the company’s growing crude production in the Permian Basin, the largest refinery expansion in more than a decade …
Helmerich and Payne to attend 2 conferences this week seeking new investors
Leadership at Tulsa’s Helmerich & Payne plan to be a part of some energy conferences this week as the firm seeks new investors. John Lindsay, President and Chief Executive Officer will be joined by Mark Smith, Senior Vice President and Chief Financial Officer, Trey Adams, Senior Vice President of Digital Operations, Sales and Marketing, …
Arkansas AG starts effort to investigate Summit Utilities for alleged price gouging
After first being sued by consumers and accused of “price gouging” over its purchases and sales of natural gas, Summit Utilities now faces a possible investigation by Arkansas Attorney General Tim Griffin. It’s a move that could affect Summits’ nearly 99 thousand customers in Oklahoma. His office filed a motion with the Arkansas Public …
Senators file bill to allow year-round sale of E15 ethanol fuel
A bill to require year-round production and availability of higher-ethanol fuel blends, a move seen as benefitting corn-producing states, was introduced by U.S. Sens. Deb Fischer of Nebraska and Amy Klobuchar of Minnesota. Under their bill, the sale of so-called E15, which is 15% rather than 10% ethanol would no longer be restricted during …
Kansas legislature considers control over wind tower blinking lights
With 44 wind farms in the state of Kansas, the Kansas legislature continues working on possible legislation to do something about the growing complaints of the blinking red wind tower lights at night. Residents don’t like them and want controls about when and how often they blink, disturbing the night-time sky above the state. …
Governor Stitt joins other governors in fighting Biden’s ESG investment policies
Oklahoma Gov. Kevin Stitt joined 18 other governors in support of a Republican-led movement in the U.S. House to disapprove of the Biden administration’s ESG investment policies. The group of governors released a statement calling Biden’s “Environmental, Social and Governance” investment policies “woke ideology” reported the McCarville Report. Click here for McCarville Report
Quick energy reads
** The 2023 Annual Energy Outlook from the Energy Information Administration (EIA) finds that U.S. oil production may even increase between now and 2050 even as clean energy sources like wind and solar power increase dramatically as well. The analysts say that U.S. demand for oil and gas is likely to remain remarkably steady for decades. …
Crude oil bounced back and OK energy stocks rebounded too in Thursday’s trading
A day after a loss of nearly $5 a barrel, crude oil prices on Thursday bounced back with a 1% gain after reports that Saudi Arabia and Russia held meetings to talk about market stability. Oklahoma energy stocks rebounded as well with some firms seeing 5% gains for the day. West Texas Intermediate crude …
Oklahoma AG takes on EPA over ozone emissions rule
Oklahoma Attorney General Gentner Drummond filed a federal lawsuit against the Biden administration’s Environmental Protection Agency (EPA) over its rejection of Oklahoma’s plan regarding ozone emissions. The petition to review the disapproval was filed March 2 with the U.S. Court of Appeals for the Tenth Circuit. In addition to disapproving Oklahoma’s state implementation plan (SIP) …