Oil Price Drops Trigger Income Tax Cut by State

As state leaders wonder about the impact of falling oil prices on Oklahoma’s economy and state treasury revenue, the State Board of Equalization on Thursday voted to certify an income tax cut trigger that’s part of the provisions of Senate Bill 1246. …

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Cheap Gas Could Mean Layoffs in Oklahoma?

“The implications for Oklahoma?s economy and state tax revenues are worrisome.? Chuck Mai, Oklahoma AAA

Oklahoma AAA spokesman Chuck Mai has it right….it’s all about your perspective. For motorists pulling up to the gasoline pump, Chris…

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State Senate Energy Committee Members Named

Oklahoma Senate President Pro Tempore Brian Bingman has announced Republican committee assignments in the legislature for the coming legislative session. They include a dozen Republicans to the Senate Energy Committee.
Bingman had previously announce…

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ONEOK Moves Ahead with Major Gas Plant in North Dakota

The North Dakota Public Service Commission says it will hold a February 9 hearing on ONEOK’s request for approval of one of at least five major natural gas processing operations in the state, a plant meant to help end the state’s growing problem …

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Farm Bureau Stands up for Attorney General Pruitt

The Oklahoma Farm Bureau’s come out in defense of State Attorney General Scott Pruitt who was the target last week of a New York Times investigation claiming he was too tight with Devon Energy and other energy firms in his fight with the Environmental …

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U.S. Ethanol Production Reaches All-Time Record High

An all-time record high production of ethanol in the U.S. was reached this week according to the Renewable Fuels Association in its weekly report.
The RFA indicated production averaged 990,000 barrels a day or more than 41.5 million gallons dail…

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Coburn Splits Final Votes on Energy Issues

The U.S. Senate on Tuesday night confirmed Arkansas regulator Colette Honorable to a seat on the Federal Energy Regulatory Commission and had the support of both Senators Tom Coburn and Jim Inhofe of Oklahoma. The confirmation came on a 65-28 vote.
A…

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Public Hearing on Lake Hefner Oil Drilling Project

A city department in Oklahoma City plans a public hearing Thursday night on a controversial plan by Pedestal Oil Co. to drill for oil at the south edge of Lake Hefner, a plan opposed by residents in the area.
The City Utilities Department will h…

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State Board to Consider Impact of Falling Crude Prices

State agency heads have started taking a long, serious look at the impact of falling crude oil and gasoline prices in Oklahoma. The State Board of Equalization will meet Thursday to discuss the effect on the current state budget.
John Estus, Di…

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Accountants Predict a Sronger Oklahoma Business Climate in 2015

A survey of Oklahoma’s certified public accountants finds that more than half believe Oklahoma’s business climate will improve in 2015, despite the falling oil prices and continuing questions about the effects of Obamacare on business.
The 2015 …

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