Oklahoma Congresswoman Stephanie Bice urged others Thursday on a House subcommittee exploring how to measure greenhouse gas sources not to play the blame game. The Republican Representative told others on the Joint Research & Technology and Environment Subcommittee that instead there should be more collaboration to determine the best methods to monitor and quantify …
Heat wave creates more demand on Oklahoma power grid
The heat wave that settled over Oklahoma and surrounding states prompted the state’s power grid operator on Wednesday to issue an advisory, suggesting rolling blackouts might occur because of extreme electricity usage. The Southwest Power Pool, which provides energy to Oklahoma utility companies, issued a “conservative operations advisory” that was in effect from 10 …
Colorado regulators handle 2021 winter storm costs differently than those in Oklahoma
When Colorado regulators approved $500 million in rate hikes for Excel Energy to cover the costs of providing power during Winter Storm Uri in 2021, they did so with a strong warning—don’t let it happen again. While Oklahoma Corporation Commissioners passed through rate hikes and billions in ratepayer-backed bonds without such admonitions about mishandling …
Barbed wire fences a thing of the past?
High-tech might make barbed wire fences obsolete. It’s being tested in the ranching country of the Kansas Flint Hills where cattle on one ranch wear CPS collars and the rancher no longer worries about his 30 miles of fence line. About the size of an iPhone and twice as thick, the collars offer a high-tech …
Will diesel fuel costs drive US into recession?
While diesel fuel prices now average $5.80 a gallon nationwide and at least $5.29 in Oklahoma, some experts say the rising cost of the fuel used by truckers and farmers is what could eventually move the U.S. into an economic recession. It’s what some experts have told ABC News. “Diesel is, quite frankly, my …
Battery shortage results in billions lost by Tesla
Despite the push by the Biden administration to convert the U.S. automobile industry to EVs or electric vehicles, a push that included possible EV manufacturing in Oklahoma, EV leader Tesla is losing money—lots of it—billions. So says Tesla founder Elon Musk who blames it on a shortage of batteries along with China port issues …
Two Energy Transfer pipeline projects finished
A pipeline carrying crude oil from the Cushing oil hub in Oklahoma to south Texas is one of two crude oil pipeline projects completed nationwide as of early June according to the U.S. Energy Information Administration. The Energy Transfer Cushing South Phase II is a 55,000 barrel a day expansion of the Cushing South …
I Make America campaign to feature Sen. Lankford
Tulsa’s McElroy Manufacturing along with the Association of Equipment Manufacturers plan an employee town hall on Monday featuring U.S. Sen. James Lankford. He will visit the manufacturing plant as part of the Association’s I Make America, a national grassroots campaign. As part of the campaign, the association works throughout the year to host elected officials …
OK energy stocks and crude prices react negatively to Fed chair’s inflation comments
Oklahoma energy stocks paid the price Wednesday as some firms suffered losses of 8, 9 and 10% following Federal Reserve Chair Jerome Powell’s comments about being committed to bring down inflation. Local energy stocks dropped along with crude oil prices and major U.S. stock indexes following his comments. West Texas Intermediate crude for August delivery …
Chesapeake Energy doubles share buyback to $2 billion
Chesapeake Energy announced Wednesday it is doubling its share repurchase program from $1 billion to $2 billion. The company said its Board of Directors reached the decision to offer up to $2 billion in aggregate value of its common stock and/or warrants through the end of 2023. To date, under its previously authorized program, …
