Geopolitical strategist Peter Zeihan has been thinking about the development of shale oil and its success in the oil and gas industry in the U.S. He wondered whether it can be duplicated in other countries. In a commentary this week, Zeihan suggested it’s not so easy in other countries….it’s not a matter of “copy …
A railroad fight in Tulsa over a butane transloading operation near a USA BMX facility near the city’s downtown has erupted in court. Tulsa sued South Kansas and Oklahoma Railroad LLC and Centennial Energy LLC and asked a judge to decide the question whether municipal or federal law takes precedence over the regulation of …
A newly-released audit of Oklahoma’s spending of $13 billion in federal grant money found a conflict of interest involving the former head of the Oklahoma Employment Security Commission and led to the Attorney General’s call that Shelley Zumwalt should resign as State Tourism Secretary. State Auditor Cyndi Byrd released the Federal Single Audit of …
** Tesla reported net income of $1.1 billion for the January-to-March period, down 55% from the year prior. Revenue fell 9% to $21.3 billion. In contrast, GM reported a 24% rise in first-quarter profit and lifted its profit outlook for the year, as the automaker leans into strong demand for gas-powered trucks and SUVs while trimming investment in future …
More than 6,000 workers at Tesla plants in Texas and California were told this week they will layed off in June because of falling demand for the firm’s electric vehicles. Tesla plans to cut 2,688 jobs at the Austin plant and 3,332 positions in California. The employees will get their layoff notices starting June …
One of the candidates for Oklahoma Corporation Commission called it “unbelievable” that current Commissioner Bob Anthony sees the need to ask for a state Attorney General’s opinion over documents withheld from him by the commission. Justin Hornback, a Broken Arrow hopeful for the GOP nomination in the race to succeed Anthony who is …
An Oklahoma County Judge has ruled against dismissing a lawsuit against Oklahoma State Treasurer Todd Russ over his enforcement of the state’s controversial Energy Discrimination Elimination Act of 2022. District Judge Sheila Stinson denied the Treasurer’s request to dismiss the lawsuit filed last fall (CV-2023-3021) by Don Keenan, a former President of the Oklahoma …
Crude oil prices shot up a dollar a barrel in Tuesday’s trading largely because the U.S. dollar index dropped to its lowest level in more than a week. At the same time, most Oklahoma energy stocks made gains for the day. Helping boost the crude oil was a shift by investors away from …
Oklahoma Congressman Frank Lucas is still demanding more answers from the Biden administration over its decision earlier in the year to suspend LNG exports and construction of new LNG plants. He doesn’t like the answers he got from Energy leaders earlier in the year. In his capacity as chairman of the House Science, Space, …
Not quite two years after Oklahoma City challenged Oklahoma Corporation Commissioners over a franchise fee decision involving millions of dollars, the matter rests with the State Supreme Court. There is no indication when the Oklahoma Supreme Court justices might render a decision. They’ve had the case for the past five months. The City filed …
