The Biden Administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 per barrel, according to a published report by the Associated Press. The Energy Department recently canceled a planned purchase of six million barrels for the strategic reserve, saying it wants to secure …
The Oklahoma Commerce Department announced it recently renewed a contract to help expand Oklahoma’s aerospace industry and increase Department of Defense spending in the state. The contract by the department’s ACES division is with Source Approval Packaging & Aerospace Consultation, LLC and will provide aerospace and defense contracting consulting services for Oklahoma’s small and medium …
Congresswoman Stephanie Bice (OK-05) recently spoke with the Washington Examiner about her new legislation, The Stop CCP Land Act, which incentivizes states to prohibit countries such as China and Russia from purchasing American agricultural land. Read more below. Washington Examiner – Reese Gorman Rep. Stephanie Bice (R-OK) introduced the Stop China’s Continuous Purchase of Land Act, which would take a state-focused …
Growing up in the early days of REA in Western Kansas when power outages were a routine thing, resulting in candles and kersene lamps, I had a great respect for the need for energy. When winter storms hit, you knew the electricity could or would be off for days at a time. So …
As investors prepared for weaker crude oil demand from China and the U.S., crude prices took a 1% drop on Monday, leaving Oklahoma energy prices in a mix. Demand in the U.S. is expected to fall because the end of the summer driving season is only a few weeks away. The drop came after …
Oklahoma City’s transportation service, EMBARK, announced it is offering free public transportation for students who are 18 and under. It is part of the Haul Pass program‘s expansion, which will help Oklahoma City youth travel around the city reported KOKH News. Click here for KOKH
As ONEOK prepares for a merger with Magellan Midstream Partners, it reported its second quarter saw a 13% increase in net income as it reacherd $468 million or $1.04 per diluted share Because of the increased income, the Tulsa-based company increased its full-year 2023 financial guidance. It also recorded a 10% increase in …
** Occidental Petroleum Corp. President-CEO Vicki Hollub says the Permian Basin is the core of the highest quality, most complementary assets her company has ever had. ** A top climate adviser to US President Joe Biden signaled the administration could phase in some requirements for a valuable new hydrogen tax credit in a bid to nurture a nascent industry …
U.S. oil and gas producer Coterra Energy reported a massive fall in quarterly profit on Monday as gas prices scaled back from last year’s peaks. Natural gas prices averaged 63% lower during the reported quarter compared to last year when they had soared following supply concerns propelled by Russia’s invasion of Ukraine. U.S. oil …
The Environmental Protection Agency is being sued by Iowa and Nebraska for refusing to issue final rules allowing the year-round sale of gasoline blended with 15% ethanol. Iowa Attorney General Brenna Bird filed suit n Iowa federal court, seeking to have the EPA issue regulations allowing E-15 gasoline to be sold during the summer. “The …