OK Energy Today

2 days ago | okenergytoday.com | Jerry Bohnen

Both the U.S. and the Cushing Hub in Oklahoma continued with declines in crude oil storage totals. The Cushing Hub fell 500,000 barrels as of the last reporting period that ended June 20 when its total dropped to 22.2 million barrels. It previously had been 22.7 million barrels as of June 13 and at 23.7 million barrels the week of June 6.

2 days ago | okenergytoday.com | Jerry Bohnen

The former Oklahoma state employee who challenged Oklahoma’s Energy Discrimination Elimination Act in a 2023 lawsuit and won a judge’s ruling which resulted in an Attorney General’s appeal still in the hands of the state supreme court died recently. But the death won’t delay the Supreme Court’s consideration of an appeal by the Attorney General of an Oklahoma County District Judge’s ruling that put the law on hold.

2 days ago | okenergytoday.com | Jerry Bohnen

Bartlesville banker Trevor Dorsey says it’s time Oklahoma followed Texas’ lead in removing BlackRock Investment from being blacklisted through use of a challenged anti-ESG law. In an opinion piece, Dorsey, who is not only a Senior Vice President at Prosperity Bank but also Vice-Mayor of Bartlesville, said the implementation of Oklahoma’s Energy Discrimination Elimination Act turned out to be expensive for taxpayers.

2 days ago | okenergytoday.com | Jerry Bohnen

** According to the Energy Information Administration, in 2023, nuclear power and renewable energy sources, such as solar power and wind power, accounted for 18% of the total energy use in the U.S.** Ford says it’s committed to completing and operating a $3 billion electric vehicle battery plant in Michigan after an executive recently said the project was in jeopardy if it lost access to federal tax incentives.

2 days ago | okenergytoday.com | Jerry Bohnen

Oil and gas producers would benefit from a bill drafted in the U.S. Senate where they would get a tax credit to capture carbon emissions and bury them underground. The Senate Finance Committee’s proposal would amount to a tax credit of $85 per ton, not the $60 per metric ton as approved in the House of Representatives’ version of the bill. The proposed 45Q tax credit increase is part of the committee’s draft bill that is considered a key part of the Republican budget package. Wyoming Sen.