** The bodies of two people were recovered from the Patapsco River on Wednesday as officials searched the water where the Key bridge collapsed after being hit by an out-of-control container ship. The men, a 35-year-old and a 26-year-old, were found trapped in a red pickup at the middle of the fallen bridge, according to …
Oklahoma among top ten renewable energy producing states
A new study finds that Oklahoma is one of the top 20 states in the U.S. for its production of renewable energy. The state ranks number 6 in the U.S., largely because of the wind power and wind farms that exist. The ranking is based on 2022 figures showing Oklahoma produced 39.72 TWh of …
Crude oil slips as dollar grows stronger
As the dollar strengthened and U.S. crude and gasoline stocks made a surprise jump, crude oil prices fell for a second consecutive day in trading on Wednesday. At the same time, it proved to be a strong day for Oklahoma energy stocks. West Texas Intermediate crude dropped 27 cents or 0.3% to $81.35 a …
Major dredging project underway on Oklahoma River in OKC
The growth of sediment in the Oklahoma River where it flows through Oklahoma City is the target of a major dredging operation. City workers have started the process of removing dirt and sediment build-up to keep the river in peak operation, according to a report by the city’s Public Works Department. “Our river boats …
Oil and gas industry resorts to unusual political maneuver to fight drilling ban
So why is the Colorado oil and gas industry now coming out in support of a controversial push to ban all oil and gas drilling in the state by 2030? It’s not a case of “if you can’t lick ’em, join ’em.” Instead, the push is a political maneuver to point out that the …
Tough year for JB Hunt trucking company—no executive bonuses
No bonuses. That’s how bad things were in 2023 for J.B. Hunt Transport Services based in Arkansas. A proxy filed by the company with the U.S. Securities & Exchange Commission revealed none of the company’s executives received a bonus for fiscal 2023 because the company didn’t meet minimum operating income standards for the year. Arkansas …
Gains in crude stocks recorded at Cushing and the U.S.
The amount of crude oil in storage at the Cushing Hub in northern Oklahoma and across the U.S. increased in the past week, according to a new report from the U.S. Energy Information Administration. Cushing’s oil stocks rose 2.1 million barrell from 31.4 million on March 15 to 33.5 million as of March 22, …
Lankford and others want national security assurances over business deals involving China
Oklahoma U.S. Sen. James Lankford is among those who want to see more national security cautions taken by the President when it comes to economic issues—especially those involving China. He joined Senators Mitt Romney of Utah, Catherine Cortez Masto of Nevada, Sherrod Brown of Ohio, John Cornyn of Texas and Todd Young of Indiana …
Oklahoma hopes to take advantage of lack of NASA launch sites
NASA is running out of launch sites for its growing number of rockets into space. So the Oklahoma legislature wants to take advantage of the shortage by resurrecting a tax credit program to help develop the state Space Port at the former Burns Flat Air Force Base adjacent to Clinton. House Bill 3426 is …
Filling up at the gas pumps costs more in Oklahoma than a year ago
Forget the thought of falling gasoline prices. Oklahomans are now paying far more for a gallon of gasoline than they did one year ago. The statewide average, according to AAA Oklahoma, reached $3.19 this week, a penny higher than a week ago, 32 cents more than a month ago and 18 cents higher …