You never know what will happen to crude oil prices from day to day. On Monday, prices fell, then a day later, they rose. At the same time, most Oklahoma energy stocks recorded gains on Tuesday. Analysts credited the gain to growing optimism that China, the world’s second-largest consumer of oil will reopen from …
Production of Tesla’s Cybertruck to begin in 2023 in Austin
Tesla says it will begin mass production of its Cybertruck at the end of next year. The company announced this week that work is underway on preparing the Austin, Texas plant to build the new model with “early production” in the middle of 2023 reported Reuters. Click here for Reuters
Activists blast state leaders and call for probe of winter bond law
Activists who are demanding investigations into the Winter Securitization Bond efforts of 5 utilities in Oklahoma say they uncovered public records showing what they label as political corruption into how more than $4 billion in 2021 Winter storm costs were passed through to ratepayers. Standing outside the Oklahoma Corporation Commission headquarters Tuesday morning, the group …
Chickasaw Nation launches resort construction in OKC
Ceremonies were held this week in Oklahoma City for the groundbreaking on a $400 million OKANA Resort & Indoor Waterpark. Located next to downtown Oklahoma City and the Boathouse District, the Chickasaw Nation project will include an 11-story hotel reported KOKH Fox 25 News. Click here for Fox 25 News
Power Pool cost allocating plan okayed by FERC despite opposition by Oklahoma regulators
The Southwest Power Pool just won the right to spread the costs of certain transmission projects across its 14-state footprint, despite the objections of American Electric Power and Excel Energy. The Federal Energy Regulatory Commission voted 3-2 on Friday in support of the SPP’s proposal reported Utility Dive. The plan had been opposed by …
Excel Energy plans to end coal use by 2030
Excel Energy, a firm that serves eight states, announced this week it plans to stop using coal nationwide by the end of 2030. It also plans to speed up the retirement of coal-fired units at its Tolk Generating Station in Texas reported Wisconsin Public Radio. Click here for Wisconsin Public Radio
Colorado towns join lawsuit to fight crude oil train
At least 10 communities in Colorado have joined a lawsuit to block plans for increased crude oil train traffic from Utah across Colorado. The towns are appealing the Surface Transportation Board’s 2020 decision for a new 88-mile stretch of railroad in Utah that would connect Uinta Basin oil fields with the national rail network …
Panasonic to launch construction of battery plant Oklahoma failed to get
The plant that Oklahoma lost—Panasonic’s $4 billion electronic vehicle battery plant will see construction this week in the eastern Kansas town of DeSoto. Work is set to begin following a groundbreaking ceremony on Wednesday at the site of the former Sunflower Army Ammunition Plant south of highway K-10. Oklahoma was one of the two …
Headlines of other stories
** U.S. federal regulators have told Freeport LNG to provide information needed for the planned restart of its liquefied natural gas (LNG) export plant in Texas, the second-largest U.S. LNG export plant, as soon as possible to allow sufficient time for review. ** A seriously low U.S. and global diesel supply is likely to drive up fuel costs and …
600 possible new jobs coming to Oklahoma’s Air and Space Port
Governor Kevin Stitt and local leaders announced Monday that Premium Aerospace Center (PAC) will locate its international headquarters at the Oklahoma Air & Space Port complex in Burns Flat, Okla. PAC will invest several million dollars to renovate and expand two existing hangars and build a third hangar at the facility. “Seeing this project …
