A proposed deepwater oil port off the coast of Texas won approval this week from the U.S. Maritime Administration. Houston’s Enterprise Products Partners intends to construct the Sea Port Oil Terminal, making it the fourth in the nation to load supertankers and improve record oil exports to markets in Asia and Europe. As Bloomberg …
Energy quick reads
** The Biden administration is already facing a potential legal roadblock to newly finalized regulations cracking down on the chemical industry, which critics say will have a devastating impact on the economy. Synthetics manufacturer Denka Performance Elastomer (DPE) warned Tuesday that it is planning to sue the Environmental Protection Agency over the rules targeting hundreds of chemical plants over their …
Feds to fund Salt Fork River improvements as part of administration’s climate change fight
Oklahoma is among the 37 states receiving millions of dollars in the Biden administration’s latest pouring of federal funds into improvements to the country’s infrastructure and doing so in the name of fighting the harmful impacts of climate change. In all, the U.S. Transportation Department announced Thursday the awarding of $830 million in …
Senators Lankford and Mullin support measure against administration’s tailpipe emissions rules
Oklahoma U.S. Sens.James Lankford and Markwayne Mullin were among those who voted Wednesday in support of a bill reversing the Biden administration’s climate regulations targeting car emissions. The vote was 53-47 in support of the measure that targeted the regulations from the Federal Highway Administration to reduce carbon emissions by 50% by 2030. The …
Commissioners react to Attorney General’s lawsuits
Corporation Commissioner Kim David appears to be taking some of the credit for the investigation that led to State Attorney General Gentner Drummond’s lawsuits accusing two energy firms of market manipulation during the 2021 Winter Storm Uri. “Shortly after joining the Corporation Commission, I formally asked Attorney General Gentner Drummond to investigate possible wrongdoing …
Deadly Israeli air strike sent crude oil prices up in Wednesday’s trading
An Israeli air strike that killed three sons of a Hamas leader is believed to have sparked a $1 a barrel gain in crude oil prices on Wednesday. The deaths only added to growing worries that the ceasefire talks between Hamas and Israel won’t lead to success in ending the fighting in Gaza. It …
US sees surge in crude oil stocks while Cushing’s total dips
A surge in crude oil stocks was reported by the government in the past week while the Cushing Hub in Oklahoma recorded a slight drop in its supplies. The U.S. Energy Information Administration reported the nation’s crude stocks soared by nearly 6 million barrels from the end of March to early April. On March …
Lucas and other Republicans jump on SEC leaders for climate disclosure rule
Republicans, including Oklahoma Congressman Frank Lucas, piled on the Biden administration’s Securities and Exchange Commission Wednesday for its climate disclosure rule. Lucas and other members of the House Financial Services Committee spoke out against the rule during a hearing that featured Elad Roisman, Acting Chairman of the SEC and Robert Stebbins, General Counsel of …
Energy Alliance leader wants state unity in fighting Biden’s war on oil and gas—not different stands
The chairman of the Oklahoma Energy Producers Alliance says it’s time two of Oklahoma’s state leaders work together in defending the state’s oil and gas industry and not be different in their stances. Writing in an opinion piece entitled “Defending Oklahoma’s Energy Sector: A Call for Unity and Strategic Action,” Tom McCasland III applauded …
Colorado officials upset over Xcel Energy power cutoff during 100 mph winds
When winds of 70 mph to 100 mph were forecast last week in Colorado, utility company Xcel Energy thought it was doing the right thing by implementing pre-planned power outages to more than 55,000 customers along the Front Range. It wanted to prevent wildfires. Now Boulder County officials are critical of the utility for …