Investors in ONEOK, Inc. are getting another dividend. The board of directors of the company declared a quarterly dividend of 93.5 cents per share. The amount is unchanged from the previous quarter and results in an annualized dividend of $3.74 per share. In making the announcement, ONEOK officials explained the dividend will be payable …
Another slight increase of crude in storage at Cushing hub
With the nation’s Strategic Petroleum Reserve at its lowest level since 1984, following the President’s continued sale of oil in order to lower gasoline prices and attract support for Democrats ahead of the upcoming elections, crude oil held in storage at Oklahoma’s Cushing hub increased slightly in …
Rep. Mullin and others tell Biden again–his energy policies aren’t working
U.S. House Republicans, including Congressman Markwayne Mullin of Oklahoma sent yet another letter to President Biden urging him to reverse his anti-American energy policies. In a letter telling the President his energy policies aren’t working, Mullin along with Rep. Steve Scalise of Louisiana and HEAT Co-Chair Rep Jeff Duncan of South Carolina, stated he …
Missouri school closed because of radiation contamination
A school in a St. Louis, Missouri suburb is being closed after an independent report found it to be contaminated with radioactive waste. The Jana Elementary school in Florissant will be closed upon a decision of the Hazelwood School District reported the St. Louis Post-Dispatch. Click here for Post-Dispatch
Tesla to build lithium refinery on Texas Gulf Coast
Tesla is expanding operations in Texas. This time, Elon Musk, the Chief Executive Officer of the EV manufacturer confirmed he has plans to build a lithium refinery on the Texas Gulf Coast. It is a bid to gain more control over the supply chain for electric vehicle batteries reported Bloomberg. Click here for Bloomberg
More headlines of other energy stories
** In announcing yet another release of oil from the nation’s Strategic Petroleum Reserve, President Biden rejected criticism that the release politically motivated as the White House aims to bring down gas prices with just a few weeks until the midterm elections. “It’s not politically motivated at all,” Biden told reporters. ** An Inflation Reduction Act provision that …
Massive manufacturing fire attracts environmental, state and federal agents
Not only was the State Fire Marshall called to the scene of a massive manufacturing plant fire near the Grady County town of Ninnekah, so were state environmental officials and federal agents. News 9 reported the Oklahoma Bureau of Investigation was also on the scene. Click here for News 9
Biden’s latest oil sale sends crude prices up—not down
President Biden’s latest announced sale of more oil from the U.S. Strategic Petroleum Reserve was meant to drive down the price of gas….but it might have had the opposite effect as crude oil prices rose in response. West Texas Intermediate crude for delivery in November went up $2.73 a barrel to finish the day …
Supreme Court sides with wind farm in fight over production tax credits
The Oklahoma Supreme Court ruled this week against county assessors who argued in support of ad valorem tax assessments on wind farms. It’s a ruling that will affect nearly every county in the state where a wind farm is located and could result in the loss of millions of dollars for those counties as …
OKC to spend $3.6 billion on improvement projects
City leaders in Oklahoma City have okayed spending $3.6 billion in city improvements over the coming five years. Most of the expenditures will be for water utility projects according to KOKH Fox 25 News. Click here for KOKH
