Ethanol industry supporters say it appears the oil and gas industry made good off the Biden administration’s announcement about dialing back ethanol production targets while at the same time rejecting dozens of refinery requests to be exempt from ethanol blending requirements. More from Radio Iowa about the reaction. Click here.
Energy news headlines on Thursday
** The Biden administration has issued more permits for oil and gas drilling on public land per month than the Trump administration did in its first three years, according to a new analysis of federal data. The consumer advocacy group Public Citizen found that the Bureau of Land Management (BLM) has approved an average of 333 drilling permits …
EPA’s latest move for ethanol blending requirements
The Biden administration moved this week to put up another roadblock to small refinery operators such as the Wynnewood Refinery in Oklahoma to obtain exemptions from the EPA’s annual production requirements for ethanol and other biofuels. The Biden administration lowered the requirements to account for reduced demand as a result of the coronavirus pandemic …
Rep. Bice cautions against total ban of “forever” chemicals
At a House Committee hearing this week, one exploring those condemned “forever” chemicals, Oklahoma congresswoman Stephanie Bice cautioned that it might not be wise to throw out the baby with the bathwater. In her remarks before the House Committee on Science, Space, and Technology Joint Subcommittee on Environment and Subcommittee on Research & Technology, Rep. …
EV network formed by power companies
More than 50 U.S. power companies including Oklahoma Gas & Electric have joined forces to build a coast-to-coast fast charging network for electric vehicles along major U.S. travel corridors by the end of 2023. The National Electric Highway Coalition was announced this week by the Edison Electric Institute. Fifty EEI members; the Tennessee Valley …
Acquisitions show signs of recovery from COVID-19 pandemic
Has the oil and gas industry recovered from the COVID-19 pandemic? Judging by recent acquisitions in the Permian Basin of West Texas and southeast New Mexico, some might say it’s more than proof that it has. The Carlsbad Current-Argus reported that multiple deals valued at more than $100 million have been announced in recent …
$15 million fine over North Dakota spill
A North Dakota federal judge this week fined Summit Midstream $15 million over a discharge of 29 million gallons of produced water in 2014. The action by U.S. District Court Judge Daniel M. Traynor in Williston, North Dakota also included a three-year period of probation for the midstream company. It came after Summit Midstream …
Biden not as anti-fossil fuel as he wants us to believe
President Biden’s boastful actions of being anti-fossil fuel are far from what he wants the nation to believe. If anything, he is more supportive of the oil and gas industry than President Trump was in the first three years of his administration. That or else he is unaware of his administration’s actions. A new analysis …
Crude oil rally extended as prices climb 3% and settle above $70
The easing of concerns about the Omicron coronavirus variant and its impact on global fuel demand resulted in an extended rally of crude oil prices as they settled above $70 on Tuesday for the first time in two weeks. Oklahoma energy stocks had another strong day too. Prices rose by more than 3% and …
In September, the United States was at its lowest coal stockpiles since 1978
The government reported that coal stockpiles at electric power plants in the U.S. in September were at their lowest level since March 1978. The U.S. Energy Information Administration reported the total was 80 million tons. As U.S. coal plants have retired and remaining plants are used less, the country’s total coal stockpiles have declined. In …
