The Biden administration won’t support backers of a plan to ship Utah oil across Colorado and eventually to the Cushing Hub in northern Oklahoma. Supporters of the proposed Utah oil train project had asked for an immediate reharing of the case after the U.S. Court of Appeals for the D.C. Circuit overturned approval of …
Rep. Lucas at odds with Attorney General Garland
Oklahoma Congressman Frank Lucas has a bone to pick with U.S. Attorney General Merrick Garland. It has to do with the Justice Department’s recent decision allowing what Rep. Lucas calls an “exceptionally low settlement amount” to Standford University for violating the False Claims Act regarding a failure to disclose foreign sources of support for …
Another broadband board to meet Wednesday
Another group focused on spending the $374 million in rural broadband expansion in Oklahoma will meet Wednesday. The Oklahoma Broadband Expansion Council will meet at the State Capitol to get a status report from the Oklahoma Broadband Office regarding its effort to winnow down the number of applicants eligible for funding. Oklahoma expects to …
Oklahoma regulators to deal with AG’s request next week
Oklahoma Corporation Commissioners won’t take up until next week the request by Attorney General Gentner Drummond to re-do their recent rate hike approval for Public Service Company. Commissioners Todd Hiett, Bob Anthony and Kim David are attending the annual meeting and education conference of NARUC, the National Association of Regulatory Utility Commissioners. The meeting …
Latest US climate assessment predicts drier conditions for Oklahoma
The new National Climate Assessment released this week by the Biden Administration not only lays out likely climate change impacts by region, but also says Oklahoma can expect drier conditions in the coming years. “Climate change is here,” said Arati Prabhakar, director of the White House Office of Science and Technology Policy in the …
Texas AG says Wall Street should stay out of politics
Weeks after his acquittal in an impeachment trial, Texas Attorney General Ken Paxton turned his attention in defense of a state law similar to one in Oklahoma—the targeting of banks who limit their financing of the oil and gas industry Paxton said this week that Wall Street should stay out of the political sphere, …
Energy updates
** The U.S. Treasury Department has sent notices to ship management companies requesting information about 100 vessels it suspects of violating Western sanctions on Russian oil, according to a source who has seen the documents. The notices represent the biggest step of its kind by the United States since Washington and its allies imposed a price cap …
Biden administration moves to refill Strategic Petroleum Reserve
Just last week Oklahoma Congressman Tom Cole was critical of the Biden administration for depleting the nation’s Strategic Petroleum Reserve to a dangerous low level that it put the nation’s security at risk. This week, the administration announced it intends to buy 1.2 million barrels of oil to replenish the very reserve it used …
AG tells regulators to re-do the PSO rate hike
Attorney General Gentner Drummond intervened Monday in a recent Public Service Company of Oklahoma rate hike case, telling Oklahoma Corporation Commissioners to re-do the rate hike. He filed two motions asking the regulators to modify their final order on the PSO rate request “to ensure greater relief for residential customers,” stated the Attorney General’s …
Crude oil made 1% in prices on Monday while some OK energy stocks recorded strong gains
Monday’s trading resulted in a 1% gain for crude oil prices following an OPEC monthly market report and worries about declining demand in the U.S. and China. The OPEC report stated that oil market fundamentals continued their strength and predicted a slight increase to this year’s forecast for global oil demand growth. Some Oklahoma energy …