Monday , April 29 2024

OK Energy News

Lucas and Committee Democrats urge President to replace acting director

    Oklahoma Congressman Frank Lucas and Democrats on a House Committee he chairs say it’s high time the President named a new Acting Inspector General to the Department of Commerce. For one thing, they have strong doubts about Deputy Inspector General Roderick Anderson who took over when former Inspector …

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Rep. Bice gets tough with President Biden’s energy policies

  “–purposeful obstruction of domestic energy production.” It’s what Oklahoma Congresswoman Stephanie Bice charged against President Biden over his green energy policies. Writing in her latest newsletter to constituents, the Republican U.S. Representative from Edmond said the president’s freeze of LNG ports and shipments wasn’t the first such case of …

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Crude oil prices makes more gains as Ukrainian attacks leave Russian refineries burning and in ruins

  Tuesday brought another gain in crude oil prices as they reached multi-month highs for the second straight trading session. It appears the prices rose as investors and traders considered the impact of Ukrainian drone attacks on Russian refineries West Texas Intermediate crude went up 75 cents or 0.9% and …

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AG warns of bitcoin ATM scam

Attorney General Gentner Drummond is warning Oklahoma consumers about a rise in scams involving “Bitcoin ATMs” that are leaving victims with depleted bank accounts. “Bitcoin ATMs” are virtual currency kiosks located in grocery stores, gas stations and malls. They look like traditional ATMs but they allow individuals to purchase and send virtual currencies …

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Broadband Advisory board to get update on statewide expansion plan

    Updates will be given Wednesday on the progress of Oklahoma’s use of $374 million in federal funding for the expansion of broadband service to rural areas of the state. The Oklahoma Broadband Expansion Council will meet at 10 a.m. on Wednesday in its capacity as an advisory board …

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BlackRock loses $8.5 billion Texas contract because of anti oil and gas policies

  Recent SEC filings showed how BlackRock investment had reportedly eased its anti-oil and gas stance and actually held investments in Oklahoma oil and gas firms. But in Texas, the company learned this week, its $8.5 billion investment contract with the Texas State Board of Education was terminated, ripped apart, …

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How crazy is this….people stood in line all night to be first customers at Colorado’s first Buc-ee’s

    Crowds started gathering late Sunday night.  Not to be first in line for a concert or a footbal game in Colorado. It was for Monday’s grand opening of the state’s first Buc-ee’s store, one located on I-25 north of Denver. Hard to believe, isn’t it? People stood in …

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Crude oil prices hit 4-month high while natural gas made a gain too

Monday’s trading brought a 2% gain for crude oil prices as they hit a four-month high following word of lower crude exports from Iraq and Saudi Arabia. Plus, there were indications of stronger demand and economic growth in China, according to Reuters. West Texas Intermediate crude, considered the U.S. benchmark, …

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Senators repeat their call for Biden administration to end freeze on new LNG exports

  U.S. Senator John Barrasso (R-WY), ranking member of the Energy and Natural Resources (ENR) Committee, joined Senators Dan Sullivan (R-AK), Roger Wicker (R-MS) and Jim Risch (R-ID) in sending a letter to President Biden’s Climate Envoy John Podesta, urging an “immediate reversal” of the Biden administration’s ban on new LNG exports. Specifically, the …

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Corporation Commissioner wants to be paid mileage and per diem for travel to State Capitol

  A bill that is still considered a “live round” in the Oklahoma legislature would give per diem expenses and reimbursement for mileage to certain statewide election officers, many who are paid more than $100,000 a year. Senate Bill 1388 was authored by Sen. Jessica Garvin of Duncan. “This was …

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