** Chevron Corp.’s mega deal to acquire Hess Corp has thrown into question the future of Hess Midstream Partners. The terms of the deal so far do not specify whether Chevron will purchase Hess Midstream LP, which transports crude, gas and water in and around North Dakota. ** Hess Corp. will continue selling its toy …
Report says government incentives lowered EV costs by $49,000
If it weren’t for government incentives and subsidies, similar to those that helped the wind industry get launched, electric vehicles would cost tens of thousands of dollars moroe than they do. Nearly $49,000 more. So claimed a first-of-its-kind analysis published by think tank Texas Public Policy Foundation. Energy experts Jason Isaac and Brent …
Senate confirms new FAA Administrator
President Biden’s nominee to be the new Administrator of the Federal Aviation Administration received an endorsement from Oklahoma Sen. James Lankford as the Senate voted 98-0 for confirmation of Michael Whitaker. “I met personally with Michael Whitaker to discuss the value and importance of the Air Traffic Control Academy in Oklahoma City and to …
Kansas woman fights eminent domain for renewable energy projects
A woman known for her skepticism of renewable energy urged a special legislative committee in Kansas this week to give more leverage to property owners who don’t want wind and solar power projects and transmission lines on their land. Virginia Crossland-Macha, leader of Stand for the Land Kanas, spoke to a committee and spent …
Tulsa picked by Biden Administration to be a “tech hub”
Tulsa is a “Tech Hub.” So said the Biden White House this week, a declaration that could lead to $75 million in federal funding. The city was one of 31 such Tech Hubs selected by the U.S. Commerce Department’s Economic Development Administration. The chosen hubs are part of a $500 million government investment in …
Europe’s weak economy pulls down crude oil prices
For a third straight trading session, crude oil prices dropped on Tuesday, largely because of the release of slow economic data from Germany and Britain weighed on the outlook for energy demand. There are increased signs that Europe might slip into recession. Oklahoma energy stocks were down as well. The U.S. benchmark, West Texas Intermediate …
AG says Meta is “addictive”—files suit
Attorney General Gentner Drummond filed a lawsuit Tuesday against Meta for knowingly designing and deploying harmful features on Instagram, Facebook and its other social media platforms that are addictive to children and teens. Meta also falsely assured the public that its platforms were safe for young users. The lawsuit is one of several filed across …
Ongoing search in Oklahoma for “forever” chemicals
Oklahoma Water officials say so far, they’ve found only two cities in the state with elevated levels of suspected “forever” chemicals. Water Quality Division Director Shellie Chard with the DEQ identified the two cities as Nowata and Broken Arrow. However, she said their levels of per- and polyfluoroalkyl or PFAS compounds are only a “smidge” …
Williams Cos. makes it 156 straight quarters with a dividend
The Williams Cos. continued its historic streak of dividends with an announced dividend of $0.4475 per share. The board of directors gave approval to the regular dividend which figures to be $1.79 annualized. It will be payable on Dec. 26 of this year, to holders of record at the close of business on Dec. …
Quick reads
** The Environmental Protection Agency (EPA) is moving to ban a toxic chemical that is used in cleaning and has become infamous for health effects, including cancer The EPA on Monday morning announced that it would propose a ban on trichloroethylene (TCE), which is used in making refrigerants and in dry cleaning. ** The White House …