A new Federal Reserve Bank report shows manufacturing activity in Oklahoma and other states that make up the Tenth District declined in the past month. The Kansas City Federal Reserve Bank Survey also said expectations for future activity “were mostly flat or slightly positive.” Regional factory activity continued to decline at a steady rate …
Study says Oklahoma should have adequate winter supplies for electrical power
The same group that was critical of Oklahoma’s bond securitization plan to cover 2021 Winter storm costs is out with its winter outlook which says Oklahoma should not have the power supply problems like it did last year. The North American Electric Reliability Corporation issued its 2022-2023 Winter Reliability Assessment for the approaching winter. While the …
Buttigieg’s visit with New Mexico tribal leaders wasn’t so friendly
Transportation Secretary Pete Buttigieg got an earful from Native Americans when he visited New Mexico this past week. Tribal leaders demanded federal funds to fix their roads and to repair the broken agreement with the federal government. ““The so-called federal responsibility is not met for these tribes,” one leader told Buttigieg according to the …
Canoo wants $1 million from OKC to locate manufacturing plant in the city
Electric vehicle manufacturer Canoo wants $1 million from Oklahoma City before it brings a manufacturing operation to the city. The Oklahoman reported the EV maker will create 550 jobs over three years in exchange for the financial assistance. Canoo wants to locate the plant at the former Terex telehandler plant located near I-40 and …
Crude oil finished the week with a 2% loss
Crude oil dropped nearly 2% in Friday’s trading, making for a second weekly decline. What caused the drop? Again, weakened demand in China because of growing COVID-19 cases. Adding to it was the growing possibility of hikes in U.S. interest rates. West Texas Intermediate crude for delivery in December dropped $1.56 a barrel or …
Gains made in rig activity in Oklahoma and other states
The Baker Hughes report released on Friday showed a gain in the number of oil and gas rigs active across the U.S. and additional rigs exploring in Oklahoma. Oklahoma’s rig count rose by two to 69, reported Baker Hughes. A year ago, there were 44 oil and gas rigs active in the state. Nationally, …
Oklahoma’s general revenue funds continue to grow
A new report by the Oklahoma Office of Management and Enterprise Services showed October general revenue fund collections for Oklahoma were up nearly 19% from a year ago. Total collections for October came to $715.3 million which is 18.6% or $112.1 million more than the monthly estimate. It also is 17% better than the …
Wyoming could face blackouts as state transitions to wind and solar power
The elimination of coal and natural gas-fired electrical generation and the transition to wind and solar power in Wyoming could result in blackouts in the state in coming years. So claimed a new assessment by the Western Electricity Coordinating Council which examined the electric grid and determined the state’s blackout risk over the coming …
Headlines of other energy stories
** U.S. President Joe Biden’s pledges to slash emissions from farming and to end American hunger by 2030 may be harder to realize now that Republicans flipped the House of Representatives with a thin majority. Biden’s Democrats, who retain control of the Senate, will start negotiating in the coming months with Republican House leaders over a massive …
Lucas wants more research into safer U.S. pipeline system
Oklahoma Congressman Frank Lucas and Texas Rep. Randy Weber want more research to improve America’s 3 million miles of natural gas and oil pipelines. Both are members of the U.S. House Science, Space and Technology Subcommittee on Energy and together, they introduced a bill to do just that. They filed The Next Generation Pipelines Research …
