While the world hastens to return to a normal life following the coronavirus pandemic, demand grows for gasoline and it resulted in another big climb in crude oil prices in Monday’s trading as the markets reached into the $74 and $75 range in the US and overseas. As a result, it proved to be …
Canoo CEO—Oklahoma is a happening place
The CEO of EV startup Canoo, the firm that picked Pryor for its manufacturing site in northeast Oklahoma had high praise for Oklahoma Gov. Kevin Stitt and the state’s high-tech abilities. Interviewed Monday on Fox Business News with Stuart Varney, Tony Aquila called Oklahoma a “happening place.” “It’s very similar to what we saw …
Devon Energy establishes new environmental performance targets
Oklahoma City-based Devon Energy Corp. announced Monday it is establishing new environmental performance targets focused on reducing the carbon intensity of its operations, minimizing freshwater use, and engaging constructively with its value chain. Three of its goals including achieving net zero greenhouse gas emissions by 2050 and reducing the GHG emissions intensity by 50% …
Tulsa makes top ENERGY STAR buildings list of EPA
At least three cities in Texas and one in Colorado are among the EPA’s annual Top Cities list of metro areas that are home to the most ENERGY STAR certified buildings in the U.S. One Oklahoma city was ranked in the mid-size cities. Tulsa tied for 10th with Madison, Wisconsin with 28 ENERGY STAR …
Magellan and Enterprise team up with Intercontinental Exchange for new Houston Crude Oil Futures contract
Tulsa-based Magellan Midstream Partners, L.P. , Enterprise Products Partners L.P. and Intercontinental Exchange, Inc. announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area. The Midland WTI American Gulf Coast contract is being launched in response to market interest for a Houston-based index with greater …
North Dakota firm behind on oil refinery construction
An energy company that says its proposed Davis Refinery will fill a glaring need for refining capacity in North Dakota is under pressure to begin construction or face the loss of its state permit. The permit was approved three years ago for Meridian Energy Group to build the oil refinery near Theodore Roosevelt National …
Regional wind energy production record set by Xcel Energy
Xcel Energy says it set a regional wind energy record at its new Sagamore Wind Project in New Mexico. It was a record that boosted the company’s wind energy account for more than half of the New Mexico and Texas region’s electricity supply in March. KFDA reported Xcel also reached a new hourly peak …
Energy news in brief
** Lumber prices have pulled back sharply from astronomical heights in recent weeks as homeowners have redirected their spending from building decks and replacing flooring to going out to eat, drink and shop after Covid-19 rules were eased in the US. Lumber prices have plummeted 48 per cent to $875 per thousand board feet from a …
$100 oil? It’s the prediction of Bank of America
While oil is hovering at the $71 to $72 a barrel level, Bank of America Corp. is out with a prediction that crude prices will surge to$100 a barrel next year. Bloomberg reports that Bank of America believes global oil consumption will outstrip supply in 2022 as the economic recovery from the pandemic boosts …
Texas power companies automatically raised the temperature of customers’ smart thermostats
A Houston television station reports that Texas power companies got around the heat wave demand for more electrical power to run air conditioners by remotely raising the thermostats of their customers. KHOU 11 reported that some of the power companies remotely adjusted the smart thermostats of their customers—-customers who said they had “unknowingly” agreed …