Crude oil futures dropped 2% in Thursday’s trading midst continued heavy fighting between Russian and Ukraine, but prices in the U.S. still remained at nearly $108 a barrel while overseas the global benchmark was at more than $110 a barrel. The drop was largely due to growing word that the U.S. is closer to …
Headlines of other energy stories
** Sen. Todd Young (R-Ind.) thinks there’s a filibuster-proof majority of senators willing to back crushing sanctions on Russia’s energy sector — a step President Biden and his European counterparts have so far refused to take. ** Halliburton Company celebrated the opening of the Halliburton Chemical Reaction Plant – the first of its kind in Saudi Arabia to manufacture …
Cole moves to stop US purchases of Russian oil
Oklahoma Congressman Tom Cole says it’s time to stop talking about a ban on U.S. purchases of Russian oil and do it. He’s introduced the Prohibition on Imports of Russian Oil Act. As a member of the House Energy Action Team (HEAT), the Republican Representative said the Act would immediately cease all U.S. imports …
FERC grilled over environmental justice guidelines
U.S. Sen. James Lankford and others on a Senate Committee spent part of Thursday grilling energy regulators over their recent approval of new guidelines to consider environmental justice and climate issues in reviewing new natural gas projects. The three Democrats who control the five-member Federal Energy Regulatory Commission approved the new guidelines last month …
ConocoPhillips completes $1.3 billion sale of Indonesian assets
ConocoPhillips completed the sale of the subsidiary that indirectly owns its 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline Company to MedcoEnergi for $1.355 billion, with an effective date of Jan. 1, 2021. After customary closing adjustments, net cash from the sale …
Crude supplies soar at Cushing oil hub
Crude oil stocks soared in the past week at the Cushing oil hub in northern Oklahoma more than doubling in one day according to the U.S. Energy Information Administration. While fighting expanded in the war between Russia and Ukraine and prices soared over concerns about supplies, the amount of crude at the Cushing hub …
Residents around a polluted ethanol plant await lawsuit outcome
A year after the state of Nebraska filed suit against an ethanol plant that used pesticide-treated seed corn to produce its ethanol, attorneys are quiet about their progress in the legal matter. Owners of the AltEn plan recently used the word “deny” 500 times in one of their legal responses. The Nebraska Department of …
Lucas files bill to force President to stop buying Russian oil
The American Energy Independence from Russia Act—It’s what Oklahoma Congressman Frank Lucas and two other members of the House introduced this week as the number of dead increases in the fighting between Ukraine and invading forces of Russian soldiers. “Vladimir Putin’s invasion of Ukraine is deeply troubling. As this moment of international crisis, Russia …
Evergy hits wind power record
Evergy, the large utility serving Kansas and Missouri announced this week it reached a milestone in it use of renewable energy. The company said as of this week, it had 90,000,000 megawatts of wind production. Click here for KMBC TV report
New Mexico Supreme Court rules against landowners in water fight
A rule that allows New Mexico landowners to restrict access to water that flowed through private property has been declared unconstitutional by the New Mexico Supreme Court. The Albuquerque Journal reports it is considered a defeat for landowners who saw the State Game Commission rule as a means of protecting private property rights. Click …