Bills sponsored and supported by U.S. Reps. Frank Lucas and Stephanie Bice, both members of the House Science and Technology Committee were approved Wednesday in the House of Representatives. Five bills that came out of the committee, covering a range of environmental and technological issues were approved. “The bills passed today do important work to …
Democrats again to target oil and gas over high prices
Look for Democrats to begin looking next week into price gouging because of high gasoline prices and don’t be surprised if they attempt to go after the oil and gas industry. Instead of exploring their own policies, the Democrats plan to continue their pursuit of “big oil.” Long considered their favorite whipping boy when …
Other energy headlines
** Cleaner air in United States and Europe is brewing more Atlantic hurricanes, a new U.S. government study found. ** The House Natural Resources Committee announced its first-ever criminal referral to the Department of Justice on Wednesday, asking it to investigate whether Mike Ingram, an Arizona real estate developer and a campaign donor to Donald Trump, bribed public officials …
Drilling operations grow across the U.S.
Permian operators accelerate drilling programs in last month. The U.S. rig count rose by 10 in the last week to 790 as of May 11, according to Enverus Foundations. Activity levels are up 5% in the last month and up 49% YOY. The count reached as high as 790 during the last week, which …
New Mexico utility fears power outages over solar crisis
The government-induced crisis that hit the U.S. solar industry has left a major New Mexico public utility wondering whether there might be power outages next year in the state as a result. The Albuquerque Journal reports Public Service Company of New Mexico, another subsidiary of American Electric Power is worried because supplies have been …
New Mexico solar maker to take big hit from government-sparked crisis
Six weeks after the U.S. Commerce launched an investigation into solar manufacturing operations in Malaysia, Thailand, Vietnam and Cambodia—a move that sent the solar industry into a crisis, one of those companies hurt is in New Mexico. Albuquerque-based Array Technologies, considered one of the country’s biggest manufacturers of solar tracking systems estimates losses will …
Oklahoma leaders still hopeful that Canoo will survive
Oklahoma leaders remain optimistic even after EV manufacturer Canoo, a company with plans to build a plant near Pryor in the northeastern part of the state, revealed major losses in the first quarter of this year. Brent Kisling, Executive Director of the Oklahoma Department of Commerce expressed his thoughts this week following the dismal …
67-foot pipeline rupture led to huge methane gas leak in Texas
Looking back at a large pipeline rupture in Texas in March, investors claim it led to a massive release of potent greenhouse gas methane. Bloomberg says it led to a release of more than 52 million cubic feet of gas. Click here for Bloomberg
Biden pulls plug on 1 million acres of leases in Alaska
The Biden administration took another anti-oil-and-gas move late Wednesday as the President canceled oil and leases on more than 1 million acres in Alaska. CBS News reported the Interior Department, under the President’s approval, also stopped two leases under consideration in the Gulf of Mexico. Click here for CBS news
Crude settles back above $100 in US
On news that COVID-19 cases are falling in China, crude oil prices rebounded Wednesday and settled back above $100 in the U.S. Prices made their rebound after China’s daily COVID case numbers on Monday fell to the lowest level since the middle of March. West Texas Intermediate crude for June delivery shot up …
