** An oil company reports it plans to begin operations next summer at a $1.3 billion direct air capture project in Texas as it absorbs one of the Permian Basin’s largest independent oil producers. ** As she looks to secure Pennsylvania voters for the upcoming presidential election, Vice President Kamala Harris is trying — and struggling — to dodge …
Treasurer tells national accounting leaders to stop climate politics in accounting standards
Oklahoma State Treasurer Todd Russ is among those who believe politics about climate change has entered what are generally accepted accounting procedures. They want an end to the practice. He and 25 other state financial officers wrote to the Financial Accounting Standards Board for its actions to politicize what is known as GAAP or Generally …
Occidental Petroleum moves forward on more than $1 billion direct air capture project in the Permian Basin
Just as northeast Oklahoma saw the launching this week of what is described as the second largest direct air capture project in the world, Occidental Petroleum plans to do the same with a $1.3 billion project in the Permian Basin of West Texas. But the company’s project will become the world’s largest DAC operation. …
Citizens clamor for Hiett to resign Corporation Commission—call him a drunkard and a predator
Oklahoma Corporation Commissioner Todd Hiett suggested again Tuesday he will not step down over the allegations he drunkenly groped a man at a national conference in Minnesota, prompting at least one speaker during the commission’s meeting to call him a “sexual predator” to his face. Another called him a “drunkard.” The latest round of …
Crude oil prices fall along with worries about a new war in the Middle East
The fall of crude oil prices on Tuesday result in a day of mixed trading for Oklahoma energy stocks. The decline in oil prices was linked to a seemingly easing of worries about a possible widespread war in the Middle East. Iran has yet to turn its vocal threats into military action against Israel over …
No more coal fired Durango and Silverton trains in Colorado
If you hop aboard the tourist-popular Durango & Silverton Narrow Gauge Railroad train in southern Colorado, don’t expect to smell the coal-fired smoke coming out of the historic engines. It’s gone. No more. Instead, the company phased out its last coal-burning engine this year and switched to five oil-powered engines running on the …
Energy briefs
** Chevron has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. ** Volvo’s all-electric semi trucks have reached the landmark of driving 50 million miles, making work safer and quieter for drivers. According to Electrek, Volvo said that if its vehicles had …
Erosion control company hit with federal indictments
An attorney for a Weatherford-based erosion control company indicted by an Oklahoma City federal grand jury on price-fixing charges maintains the firm has done nothing wrong and will defend itself in court. Sioux Erosion Control Inc., its Vice President BG Dale Biscoe and company estimator Randall David Shelton were named in the indictments, accusing …
Tulsa contractor charged with embezzlement following attorney general’s investigation
A Tulsa-area contractor faces 17 counts of felony embezzlement and one count of engaging in a pattern of criminal offenses following an investigation by Attorney General Gentner Drummond’s Consumer Protection Unit. Charges were filed this week in Creek County against Todd Douglas Briggs, who operated T Briggs Construction and Oasis Pools and Outdoor Living. He …
Interim studies to focus on electricity, Kiamichi River project and wind farm taxes
Members of the Oklahoma House Energy and Natural Resources Committee already know they will meet in October to focus on a number of related issues. During the hearing on Tuesday, October 22, the committee will spend the entire day discussing water, energy generation and the wind industry. The committee will focus on the topic …
