Seventeen short-line railroads in Kansas will be sharing nearly $16.5 million for expanson and rehabilitation. The rail lines are located mostly in the western half of the state and the funding is from the Kansas Department of Transportation’s Rail Service Improvement Program. It is in the form of matching grants and each of the …
Turning OKC’s Will Rogers World Airport into an International Airport
Oklahoma City’s Will Rogers World Airport is truly about to become a “World” airport with international flight capabilities. The Airport Trust has voted to support a plan creating an international customs inspection center at the Airport, a move that would allow international flights to and from the airport. Currently, no international flights are available …
Mullin and Hern join Congressional effort to urge Biden to kill EPA tailpipe plan
Oklahoma Congressman Kevin Hern and U.S. Sens. Markwayne Mullin and James Lankford were among more than 130 Republican lawmakers who sent a letter to the White House urging the President to kill his proposed tailpipe emissions regulations that are intended to force drivers to switch to electric vehicles. They were the only three …
Energy quick reads
** U.S. President Joe Biden on Friday announced Washington would issue more than 500 new sanctions targeting Russia as the United States seeks to increase pressure on Moscow to mark the second anniversary of its war in Ukraine. ** AT&T finally restored wireless service to all customers by around 3 pm ET Thursday and the …
Cheniere Energy expects lower profits as natural gas prices continue their fall
Cheniere Energy, the energy firm with a major natural gas line extending from Oklahoma’s STACK and SCOOP plays and also the biggest U.S. buyer of gas and the biggest U.S. exporter of LNG, forecast a lower core profit for 2024. Just as Oklahoma City’s Chesapeake Energy lowered its capital expenditures for natural gas …
E15 ethanol approved year round by EPA in corn producing states
Governors of some of the nation’s biggest corn producing states got their wish. So did corn producers. The Environmental Protection Agency gave approval for E-15 ethanol gas sales to be allowed year round in eight Midwest states with heavy corn production. The rule change came as the EPA was under heavy pressure from …
Red Sea violence sent crude prices up in Thursday’s trading
The Red Sea attacks by the Iran-aligned Houthis continue to weigh heavily on investors and sent crude oil futures higher in Thursday’s trading. However, the gains were also affected by a large build in U.S. crude inventories, seen even in Oklahoma. West Texas Intermediate crude for April delivery gained 70 cents to $78.61 a …
When is a ROFR not a ROFR? House Committee approves it
After months of negotiations including closed-door sessions with opponents and proponents who stood their ground on a ROFR law in Oklahoma, a State house Committee on Thursday voted to support a measure that the lead legislator said wasn’t a ROFR bill. But it’s apparent the ROFR fight is still being waged at the capitol …
Crude oil stocks swell in US and the Cushing Hub
Crude stocks across the U.S. and at the Cushing Hub in Oklahoma made a continuing build in the past week. The U.S. Energy Information Administration reported the U.S. crude oil stocks gained nearly 4 million barrels. It went from 439.4 million on February 9 to 443 million barrels as of February 16. The nation’s …
Trucking costs are still climbing, adding to prices for consumers
One of the major complaints about the economy in this country focuses on groceries, right? Prices seemingly are constantly on the increase whether it’s meat, bread, or fruits. One cause is the soaring costs for the trucking industry. A new truck that once cost $120,000 to $130,000 now costs $190,000. The number one …