A grant that could revolutionize aerospace education by integrating drone technology into high school classrooms has been acquired by Port Muskogee. The grant was from the Oklahoma Aeronautics Commission Aerospace and Aviation Education fund and is described as helping the Port make a significant lead toward advacing aerospace education and innovation. It will also …
Oil prices and Oklahoma energy stocks wrapped up the week’s trading on Friday with gains for the day. Crude rose 1% to a nine-month high on increasing diesel futures and continued concern about tight oil supplies. West Texas Intermediate crude rose 64 cents or 0.7% to settle at $87.51 a barrel on the New York …
** General Motors Co. made a counteroffer to the United Auto Workers union, proposing a total 16% pay raise for the top wage earners in its plants and a 56% hike for newer employees who make less, the company said in a statement. UAW President Shawn Fain reacted quickly saying the proposal is “insulting.” ** …
Texas grid operators are learning their wind power has some issues. They faced a dilema this week when record heat resulted in a major demand for electricity to run air conditioners. The problem? The electricity generated by wind power in South Texas. Click here for Bloomberg
The nation’s crude oil in storage took another drop this week and so did the amount held at the Cushing Hub in Oklahoma. The U.S. Energy Information Administration reported the nation suffered a drop of more than 6 million barrels of oil while Cushing’s total fell nearly 2 million barrels. The declines in stocks …
A stronger dollar and expectations of weaker international demand resulted in U.S. and Brent crude oil futures falling by $1 a barrel on Thursday. Oklahoma energy stocks also suffered losses for the day. West Texas Intermediate crude dropped $1 or 1.14% to settle at $86.54 a barrel on the New York Mercantile Exchange. Brent …
Another sign of how much Oklahoma’s economy has slowed in the past several months, came from State Treasurer Todd Russ who said gross receipts to the treasury for August were down nearly 9% from a year earlier. Oil and gas collections were down 60%. The totals revealed a drop of $121.8 million or 8.9% …
The unexplained costs of how Oklahoma’s major utilities used a new law to extend 2021 Winter Storm Uri costs are still bothering Oklahoma Corporation Commissioner Bob Anthony. Yes, that winter storm. Uri. The one that keeps on giving and giving. He raised questions in 2022 when PSO, OGE, and ONG used securitization and wondered …
AAA just came out with a new report that will likely be fuel for critics of Bidenomics and the Biden administration’s claims of how the country’s economy is doing so well. AAA’s Your Driving Costs has been a reliable data source for the expenses associated with owning and operating a brand-new vehicle for more …
The areas of Oklahoma where a severe drought is recorded are growing, according to the latest Drought Monitor released this week. The conditions could improve next week because of rain in the forecast. A large part of southern Oklahoma is covered with areas that fit under the “severe drought’ category and a few are …