Oklahoma’s Congressional delegation wants some answers from two top Biden administration officials why there is a delay in energy production for the McAlester Army Ammunition Plant. Led by Sen. James Lankford, the delegation sent letters of demand to Defense Secretary Lloyd Austin and Interior Secretary Deb Haaland. Joined by Senator Markwayne Mullin (R-OK) and …
Warm December weather might be around for two more weeks
Oklahoma Climatologist Gary McManus with the Oklahoma Mesonet says enjoy the warmer weather this week while you can. Maybe even into mid-December. “Sorry (not really), but I see no cold air coming down this way for the next 7-10 days, and maybe out to 14 days. All the REALLY cold air is bottled up well to …
Natural gas bills jumped $30 on average in past 7 years in Oklahoma
Just seven years ago, the average customer of the three natural gas operations in Oklahoma, Texas and Kansas run by ONE Gas paid $46 a month. This year, it is $75, according to a December Investment Update released by the Tulsa-based company. The average monthly residential customer bill, according to the Update, is projected …
Have falling gasoline prices reached the end of the road?
Last week, AAA raised the question…”Is it the end of the road for falling gas prices?” Oklahoma drivers might be asking the same question. Prices fell nationally only two cents in the last week of November and the automobile association said the primary “culprit is the cost of oil” which is creeping closer to …
Colorado geothermal expansion underway
Colorado has launched a $12 million grant program aimed at advancing geothrmal energy technology. Gov. Jared Polis calls it his “Heat Beneath Our Feet” effort to take advantage of geothermal energy and announced $5 mllion in grants in the first round of funding. The funding was authorized in 2022 by the Colorado General …
Congresswoman says Bidenomics is a failure and we’re paying for it
Congresswoman Stephanie Bice points out that gasoline prices are $1 higher per gallon than when President Biden took office and that’s why, she says, Bidenomics isn’t working. The Republican Representative says during Biden’s time in office, prices have risen across the board…canned cranberries during Thanksgiving were up 60%, frozen vegetables up about 11%, uncooked …
Gulfport announces another major acquisition as part of share repurchasing program
Gulfport Energy updated its $650 million common share repurchase program with an SEC filing showing it recently agreed to purchase nearly another $40 million in accounts. The accounts are managed and advised by Silver Point Capital, L.P. and MacKay Shields LLC. The repurchase by Gulfport involved 292,910 shares of the company’s common stock at …
Pentagon contract results in long-term work for Tinker Air Force Base
From the Oklahoma Office of Workforce Development comes word of a nearly $870 million government contract won by Pratt & Whitney that will not only extend the power life of the Air Force’s B-52H Stratofortress and E-3 Sentry aircraft, but also result in much more work at Tinker Air Force Base. The Pentagon announced the engine make …
Texas to put cap on electricity prices during emergencies such as 2021 winter storm
While Oklahoma’s astronomical natural gas prices that hit the state during the 2021 Winter Storm Uri are being investigated by State Attorney General Gentner Drummond, in Texas, authorities took steps recently to assure price protections for consumers during power emergencies. Regulators decided to put a cap on the charges that might hit customers during …
Short energy stories
** The Office of Foreign Assets Control on Dec. 1 imposed fresh sanctions on three transnational entities involved in violating the Treasury Department’s price cap on Russian oil sales. ** Climate advocate and former U.S. Vice President Al Gore on Sunday slammed the UAE – host of the COP28 climate summit – saying its position as overseer of …