Crude Prices Surge on Positive U.S. Economic News

A surge in the U.S. economy sent crude prices surging upward breaking the $40 a barrel barrier on Thursday. October West Texas Intermediate crude added $3.96 to settle at $42.56 a barrel on the New York Mercantile Exchange. On the London ICE Futures Ex…

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Crude Prices Surge on Positive U.S. Economic News

A surge in the U.S. economy sent crude prices surging upward breaking the $40 a barrel barrier on Thursday. October West Texas Intermediate crude added $3.96 to settle at $42.56 a barrel on the New York Mercantile Exchange. On the London ICE Futures Ex…

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Solyndra Didn’t tell the Truth

It was a damning report from the Department of Energy’s Inspector General about Solyndra, the California company that went belly up four years ago. While the report accused Solyndra of misrepresenting facts in order to obtain a $535 million loan guara…

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BIA Director to Meet with Osage Tribe Over Oil Drilling Fight

Those controversial new oil and gas drilling regulations put into place by the Bureau of Indian Affairs and now the target of legal action by the Osage tribe and Osage County oil producers have resulted in the BIA director scheduling a meeting ne…

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Governor Expects Another Budget Shortfall Due to Falling Oil Prices

Governor Mary Fallin told those attending the Pipeline and Energy Expo in Tulsa this week the energy sector is critical to national security and quality of life and sometimes the Obama administration just doesn’t get it.

“It seems like our cur…

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Ethanol Production Drops while Supplies Cilmb

Production is down and stocks are up when it comes to ethanol in the U.S. according to the weekly update from the U.S. Energy Information Administration.

Ethanol production over the past week avrged 952,000 barrels a day which is a drop of 13,…

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El Reno Wants Out of Water Study Project

The city of El Reno now wants out of a group of cities exploring the possibility of constructing a desalination plant in Canadian County to resolve growing water source issues for cities in the county.
El Reno city leaders are asking to withdraw as a …

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Crude Prices Drop Even As Supply Falls

Despite a drop in supply, crude prices dropped on Wednesday. West Texas Intermediate contracts for October fell 71 cents to settle at $38.60 a barrel on the New York Mercantile Exchange. October Brent crude slipped seven cents to end trade at $43.14 a …

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Koch Angry Over President Obama’s Criticism

When President Obama went after Oklahoma U.S. Senator Jim Inhofe and the Koch brothers during an energy summit speech this week in Las Vegas, he stirred up a storm with one of the Kochs.
Charles Koch hit back and said he was “flabbergasted” by what th…

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Schlumberger Acquires Cameron in Nearly $13 billion Deal

Those less-than $40 a barrel oil prices aren’t causing Schlumberger to blink. The giant energy company’s announced it is buying Houston, Texas-based Cameron International for nearly $12.74 billion in cash and stock.
Cameron makes drilling equipm…

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