PEMA Professional Energy Marketers Association
The Oklahoma Senate has been sent a bill to provide $67 million for improvements to the Arkansas River levee system. Approval of Sen. Cody Rogers’ Senate Bill 1391 was n the Senate Appropriations Committee. The bill proposed appropriating the millions to the Oklahoma Water Resources Board. “It’s incredibly important …
Read More »Crude oil prices slipped Thursday over latest US economic news
Crude oil prices lipped on the last day of February after inflation data in the U.S. suggested a softening of the ecocnomy might weaken demand for crude. Plus, investors are worried that OPEC’s growing production might affect prices. In the US, West Texas Intermediate dropped 28 cents and settled …
Read More »Compromised ROFR bill wins Oklahoma House Approval while opponents argued it means more power for utilities
The ROFR bill that Lawton Rep. Trey Caldwell said was not a ROFR bill won approval Thursday in the State….the measure giving an apparent compromised version of the right of first refusal in construction of major transmission lines. The measure finally hit the House floor where Caldwell spent time being …
Read More »Legislators have yet to hear how much a renewable energy tax would raise in Oklahoma
The tax bill targeting Oklahoma’s renewable energy industry has yet to make it to the floor of the State House a week after Speaker Charles McCall proposed the measure in response to a lack of movement on the Right of First Refusal power for utilities. The House Impact study …
Read More »Wildfire moves from Texas Panhandle to Oklahoma and burns a million acres and leaves one dead
A million acres have been burned in the Texas Panhandle wildfires after they crossed over into western Oklahoma this week. One elderly woman was killed in the fires in Texas. The Oklahoma Forestry Division stated Thursday that only 3% of the Smokehouse Road Fire in the two states had …
Read More »Transportation expert predicts eastern Colorado passenger railway will fail
The efforts of Colorado Gov. Jared Polis to promote a Front Range passenger rail service, one that could involve billions of dollars, are being criticized by one expert who says it will result in abject failure. The Front Range railway, an idea floated last year that recently received $500,000 …
Read More »Barrasso joins Oklahoma’s criticism of Biden’s LNG freeze
He could be on a short list to succeed Sen. Mitch McConnell as the next Senate GOP leader. Wyoming Sen. John Barrasso is known for his anti-energy mandates of President Biden and is a staunch defender of his state’s energy reputation. As an example, Barrasso, who is the ranking …
Read More »US crude prices fell on Federal Reserve’s interest rate decision
The Federal Reserve decisions to hold firm and not cut interest rates in the near future sent US crude oil prices falling Wednesday. At the same time, US crude stockpiles continued to climb, adding more pressure on crude oil prices. West Texas Intermediate crude dropped 33 cents or 0.42% to …
Read More »Sen. Mullin makes another attack on Biden’s EV mandates
Oklahoma U.S. Sen. Markwayne Mullin repeated his efforts this week to urge the Biden administration to drop regulations that are aimed at forcing consumers to dump their fossil fuel vehicles and switch to electric cars and trucks. The GOP Senator joined another member of the Senate Environment and Public …
Read More »Nation’s crude oil stocks and those at Cushing grew again
Crude oil stocks made another jump in storage in the U.S. and the Cushing Hub in the past week. Nationally, stocked increased by more than 4 million barrels since February 16 of this year, according to the U.S. Energy Information Administration. They rose from 443 million barrels to 447.2 …
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