With the growth of more projects involving underground storage of carbon dioxide, there’s also a movement toward who to hold for liability and accountability in years to come. At least four states have passed laws over the last year that allow companies to transfer responsibility for carbon storage projects to state governments after the …
Biden administration drags feet on new federal drilling rules
The release of the Biden administration’s new oil and gas regulations for drilling on federal lands continues to be behind schedule and the Interior Department isn’t commenting about it. E&E News reports the Interior Department hasn’t moved on several proposed rulemakings on energy issues. Click here for E&E News
EV car sales are on the increase in Colorado
Sales of electric vehicles in Colorado are on the increase, reaching nearly 9% of the state’s car sales so far this year compared to 2021. EVs comprised 8.6% of the car sales according to the Colorado Sun, and much of the improvement was due to a major increase in the sales of Teslas. Click …
Dividend announced by Williams
On the same day of the company’s annual shareholders meeting, Williams announced an increased dividend for the second quarter. The company’s board of directors approved a regular dividend of $0.425 per share or $1.70 annualized on the firm’s common stock. It will be payable on June 27 of this year to holders of record …
Oklahoma jumps into race for Panasonic battery plant with signing of $700 million incentives bill
Oklahoma Gov. Kevin Stitt put his name on Monday to a bill to spend up to $700 million on incentives to attract what is believed to be a prospective $4 billion Panasonic battery production plant to the state. Oklahoma and Kansas are reported to be the two finalists in contention for the plant that …
Volume six of Sen. Lankford’s Federal Fumbles
Senator James Lankford (R-OK) announced the sixth volume of his federal waste book, Federal Fumbles: Ways the government dropped the ball. It includes how the government is mishandling sales of oil from the Strategic Petroleum Reserve and how electric vehicles are not paying their fair share to use our highways. The report highlights waste and …
Headlines of other energy stories
** The Biden administration on Monday overturned a controversial Trump-era policy that would have opened new swathes of Arctic Alaska to oil development. The Bureau of Land Management (BLM), part of the Department of Interior, resurrected Obama-era management policies in the National Petroleum Reserve in Alaska, a 23-million-acre (9.3 million hectare) area on the western side of …
Crude drops below $100 in US on China’s COVID lockdowns
Crude oil prices took a 4% drop on Monday and fell below $100 a barrel in U.S. trading, all because of growing worries about the global energy demand outlook because of growing COVID-19 lockdowns in Shanghai, not to mention potential increases in U.S. interest rates. West Texas Intermediate crude for June delivery fell $3.53 to …
Tar Creek cited as a “most endangered river” in US
For a second straight year, a national conservation organization has named Tar Creek in northeast Oklahoma a place on its “America’s Most Endangered Rivers of 2022.” Tar Creek is an 11-mile stream polluted with heavy metals form historic lead and zinc mining and is the site of a notorious superfund site. Click here for …
Oklahoma Reps busy with energy hearings this week on Capitol Hill
As Congress returns to work this week following the Easter break, those Senators and Representatives from Oklahoma will be busy with some hearings at which top Biden administration officials will testify. Congressman Markwayne Mullin and other members of the House Energy and Commerce Committee will hear Thursday from Energy Secretary Jennifer Granholm. She is …
