President Biden’s growing use of selling oil from the nation’s Strategic Petroleum Reserve has been blasted by Oklahoma’s congressional delegation but now Republicans on the House Committee on Oversight and Reform have launched their own investigation into what they call “potential misuse” by President Biden of the Strategic Petroleum Reserve. They’re not waiting to see …
Category: General
Fort Collins, Colorado considers oil and gas drilling ban
The City of Fort Collins, Colorado is considering new oil and gas drilling restrictions that would put the city off limits to exploration. Current regulations left about 3% of city land available to drilling but proposed changes presented this week to city council members reduced it to 0% according to the Coloradoan. Click here …
World’s largest carbon capture plant to be built in Permian Basin
Reports indicate Occidental Petroleum and a Canadian startup are planning to build the world’s largest carbon capture plant in the Permian Basin. Occidental and Carbon Engineering Ltd. say they are working on a site in the Basin for a plan that will draw down 500,000 tons of carbon dioxide a year. Occidental CEO Vicki …
Investor’s day at Phillips 66
Phillips 66 is planning an “investor day” next month. It’ll be held in New York City on Nov. 9 of this year. Executive management will provide an update on the company’s strategic initiatives starting at 7:30 a.m. central time. The company also plans to offer a live webcast of the meeting, available at its …
FERC claims Texas power grid is as vulnerable as it was in 2021
Federal energy regulators are expressing concerns that the Texas electricity grid is no stronger or better than when it nearly collapsed in the February 2021 winter storm, the same storm that battered Oklahoma and left thousands wondering about their own electric suppliers. A report issued by the Federal Energy Regulatory Commission contended the electricity …
Pundits mock VP Harris over her “love” of yellow school buses
The latest mockery of Vice President Kamala Harris stems from her announced Wednesday of $1 billion in federal grants for electric school buses, an announcement that included $26 million for 18 school districts in Oklahoma. Mocked for what? “”Who doesn’t love a yellow school bus, right? Can you raise your hand if you love …
Cushing crude oil storage up slightly in past week
The amount of crude oil stored at the Cushing hub in northern Oklahoma saw a slight gain in the past week. The U.S. Energy Information Administration reported Wednesday that Cushing held 26.9 million barrels of oil as of October 21, a gain of about 700,000 barrels compared to the previous reporting date of Oct. …
Coffeyville Refinery wins partial victory in Clean Air fight with Kansas
Ten years after the Coffeyville Resources Refining & Marketing company in Kansas agreed to a $1 million EPA fine for air emissions violations, the company finds itself back in court where it recently scored a partial victory. Once again, the refinery, known as CRRM, finds itself accused of violating the Clean Air Act, even …
Federal agency accused of “inaction” to protect prairie chickens in Southwest
The U.S. Fish and Wildlife Department stands accused in a lawsuit of failing to finalize proposed protections for the lesser prairie chicken that exists throughout the Southwest and in Oklahoma. But some of those protections are opposed by the oil and gas industry in New Mexico which argues there could be potential economic harm …
More energy headlines
** Bloomberg reported this week that, based on data it had compiled, the collective profits of Exxon, Chevron, Shell, BP, and TotalEnergies for the last quarter would come in at $50.7 billion. This is palpably lower than the record $62 billion the five supermajors reported for the second quarter—drawing the ire of politicians—but it is still a large number …