Despite quarterly losses totaling into the tens of millions of dollars and delays in promised manufacturing in Oklahoma, Canoo CEO Tony Aquila made assurances this week that the jobs will be coming yet this year in the state. In Tulsa this week, he explained why Canoo has decided to making a battery-module assembly plant …
New Mexico’s U.S. Representatives couldn’t bring themselves to vote for Lower Energy Costs Act
We know that all Oklahoma members of the U.S. House voted for the recently-approved Lower Energy Costs Act but what about those from another oil-producing state—-New Mexico? All three New Mexico Representatives are Democrats and they voted against the Republican-sponsored measure that is designed to speed up oil and gas projects in the U.S. …
Quick reads of other energy developments
** Sen. Tim Scott (R-SC) is asking the Biden administration to delay new energy standards for mobile homes set to go into effect at the end of next month. In a new letter to Energy Secretary Jennifer Granholm given exclusively to Yahoo Finance, Scott said “this costly and misguided regulation” will squeeze low-income Americans who will be “unfairly …
Democrat joins Sen. Lankford in expressing concerns about Chinese land purchases in U.S.
Oklahoma U.S. Sen. James Lankford’s recent call of alarm about the increased Chinese purchases of U.S. land, some near military installations, got a show of support this week from Democratic Congressman Raul Grijalva. Rep. Grijalva, the former chairman of the House Natural Resources Committee, sent a letter to Secretary of Agriculture Tom Vilsack warning that …
State Treasurer hints at signs of a slowing state economy
Sound but moderating. It’s the picture of Oklahoma’s economy described by State Treasurer Todd Russ as he announced that total gross receipts in 2022 to the treasurer rose to a new high. Oil and natural gas production helped with the increase. The Treasurer’s Office reported gross production tax collections for the year produced $2.02 …
Oklahoma won’t pay millions in incentives to EV maker Canoo over construction delays
First there was the $80 million fourth quarter loss reported recently by electric vehicle maker Canoo, the firm with plans for manufacturing plants in Pryor and Oklahoma City. Now there is a report that Canoo missed a key deadline and with it up to $10 million in state incentives from Oklahoma over the company’s …
Possible settlement is made over fight against PSO’s $2.4 billion renewable energy plan
The $2.47 billion renewable energy plan proposed by Public Service Company didn’t go through the regulatory process as smoothly as some expected. It ran into opposition. However, an apparent settlement stipulation has been reached by some of the groups that opposed the utility’s request for cost recovery approval from the Corporation Commission. A Thursday …
Salary set for new Oklahoma Broadband Office director
The governor’s hand-picked director of the Oklahoma Broadband Office will be paid $180,000 a year according to a report published by NonDoc. The online news service reported the governing board of the Office voted recently to offer Mike Sanders the $180,000 even though the salary range extended up to $205,000. Sanders will officially assume …
Crude oil prices were mixed in Wednesday’s trading
Mixed crude prices were recorded Wednesday with US crude falling and Brent making a slight gain. All the while, Oklahoma energy stocks performed solidly with modest gains. Signs of economic softness against the U.S. stock draw-down led to the mix of crude prices. West Texas Intermediate crude dropped 0.12% to close at $80.61 a …
Mullin makes first statewide tour as U.S. Senator for Oklahoma
Oklahoma U.S. Sen. Markwayne Mulling launched his first statewide tour of the state this week as Oklahoma’s freshman senator who replaced Jim Inhofe last fall. Mullin traveled to Guymon and Boise City in the Panhandle. He began his inaugural trip alongside Guymon mayor Kim Peterson, visiting with local residents and city officials at a …