Another day and another drop in crude oil prices and Oklahoma energy stocks. Crude oil dropped around 2% for a second day this week, thanks to a stronger U.S. dollar and weak information from top oil importer China. West Texas Intermediate crude fell 2% or $1.37 a barrel to close at $68.09 on the …
Macquarie Energy disputes some of Kansas Attorney General’s price manipulation claims
The natural gas company sued by Kansas Attorney General Kris Kobach and accused of price manipulation during the 2021 Winter Storm Uri takes issue with some of his claims. As reported this week by OK Energy Today, the lawsuit by the state of Kansas against Macquarie described the Houston company as being a wholly …
Canoo’s future in doubt as it grows short of cash
The financial challenges for EV manufacturer Canoo are growing serious enough that Oklahoma officials are in talks with company leaders about whether they will survive and take advantage of $7.5 million in state incentives. It raises the specter that Canoo is closer and closer to crashing and burning with its EV efforts. A report …
Lucas and House Committee probe East Palestine, Ohio train derailment
This year’s disastrous train derailment in East Palestine, Ohio has the attention of Oklahoma Congressman Frank Lucas and others on the House committee he chairs. They want to learn more about rail safety and improvements researched by the government. The House Science, Space, and Technology Committee recently sent a letter to the Department of Transportation …
Weather data to be focus of US House hearing
The availability of weather data and how it is understood by the public. It will be the focus of an approaching U.S. House Committee hearing and one of those who will testify is Gary McManus, State Climatologist with the Oklahoma Climate Survey. He and others will go before the House Science, Space, and Technology …
Study says clean energy jobs will replace oil and gas employment
A new study is out with what some critics might call a preposterous claim that Oklahoma and other oil and gas states stand to gain hundreds of thousands of jobs in the clean-energy sector as the US moves to a net-zero economy. The claim says total employment in the nationwide US energy sector could …
Wynnewood refinery explosion claims life of worker
The funeral for a 43-year old worker who died following last week’s explosion and fire at the Wynnewood Refinery in southern Oklahoma will be held Thursday. Wes Foster suffered third-degree burns covering 93% of his body and died Friday evening at a hospital in Plano, Texas where he had been rushed following the May …
OKC moves forward with repairs of 60,000 potholes
Potholes? How about 60,000 of them to be repaired in Oklahoma City this year? And they’re not getting help from movie star Arnold Schwarzenegger who recently was profiled while he and a neighbor personally did some repairs in front of their California homes. It’s what the city announced recently in an aggressive plan to …
Third Biden nominee withdrawn—one opposed by oil and gas groups
Somewhere enroute to running the National Highway Traffic Safety Administration, President Biden’s nominee ran off the road. The nomination of Ann Carlson was unexpectedly withdrawn Tuesday night after some major farm groups came out against her because of her comments in support of the EV industry and plans to pursue controversial vehicle economy standards. Every …
Some wonder if Icahn’s empire is crumbling
Ever since the New York firm Hindenburg Research released a report accusing Icahn Enterprises L.P. of a “Ponzi scheme,” the debate and discussion have grown whether billionaire Carl Icahn could be seeing his empire falling apart. After all, he has lost billions of dollars since the report was published. Or is the speculation just …