• Oklahoma oil and gas prices, Dec. 19

    Published: Fri, Dec 19, 2014

    Oklahoma oil and gas prices, Dec. 19

  • Oklahoma Corporation Commission hears arguments on $133 million PSO plan to install smart meters

    By Paul Monies, Business Writer | Published: Fri, Dec 19, 2014

    AARP Oklahoma objected to a proposed settlement at the Oklahoma Corporation Commission that would allow Public Service Co. of Oklahoma to charge customers $3 per month for the installation of smart meters.

  • Brazil graft cases: Beginning of impunity's end?

    Updated: Thu, Dec 18, 2014

    RIO DE JANEIRO (AP) — A federal investigation into a kickback scheme at Brazil's state oil company has, so far, ensnared 30 executives. In Sao Paulo, prosecutors accuse 33 businessmen of running a "cartel" to profit from the city's subway system. And in perhaps the most stunning turn of all, the oil and mining tycoon who once was Brazil's richest billionaire is on trial for something that, until recently, was not even seen as a crime: profiting from inside information. The aggressive crackdown on corruption by Brazil's rich and powerful suddenly raises a once unfathomable question: Is this the beginning of the end for the nation's entrenched culture of impunity? Experts on Brazil's governance and corruption give a cau

  • Oklahoma City residents express concerns about oil drilling plan for Lake Hefner

    BY PAUL MONIES, Business Writer | Published: Thu, Dec 18, 2014

    Hundreds of residents turned out to presentations Thursday night by city officials and representatives of Pedestal Oil Co. Inc., which wants to drill on the south shore of Lake Hefner.

  • California's top utility regulator defends record

    Updated: Thu, Dec 18, 2014

    SAN FRANCISCO (AP) — California's chief utility regulator ended the last scheduled public hearing of his increasingly embattled 12-year term Thursday with no explicit reference to the alleged back-channel dealings with the state's largest utility company that have marred his tenure. California Public Utilities Commission President Michael Peevey's only public reference to the matter Thursday was an enigmatic one. At the close of the hearing, in which Peevey allowed two hours of public testimony by allies praising him, Peevey raised both hands in the air. "I surrender!" he declared, with no explanation or further comment. State and federal prosecutors have notified Pacific Gas & Electric Co.

  • Gas prices continue to fall in OKC

    Published: Thu, Dec 18, 2014

    Gasoline falls to $1.79 per gallon Thursday at the Super Mart at NW 10 Street and MacArthur Boulevard in Oklahoma City.

  • City panel to vote on incentives for 108 new jobs at Enable Midstream Partners

    By Steve Lackmeyer, Business Writer | Updated: Thu, Dec 18, 2014

    The average first-year wage for the new jobs at the Oklahoma City-based energy firm is estimated at $131,291.

  • Oklahoma news briefs, Dec. 19, 2014

    FROM STAFF REPORTS | Published: Thu, Dec 18, 2014

    Oklahoma news briefs, Dec. 19, 2014

  • Land, water rights needed for Nevada nuclear dump

    Updated: Thu, Dec 18, 2014

    LAS VEGAS (AP) — The federal Energy Department will need to acquire water and land rights before it gets approval to entomb the nation's most radioactive waste beneath a mountain in the Nevada desert, according to a report released Thursday by an the agency being asked to license the project. The Nuclear Regulatory Commission report said most administrative and program elements of the Yucca Mountain repository reviewed by NRC staff members meet commission requirements. But Nevada has refused for years to provide water to the site, leaving the Energy Department without necessary water rights. Robert Halstead, the Nevada official heading state opposition to the project, said the new report also pointed to the expiration

  • Correction: Alaska Pipeline story

    Updated: Thu, Dec 18, 2014

    JUNEAU, Alaska (AP) — In a story Dec. 17 about the office of the federal coordinator for Alaska gas pipeline projects, The Associated Press, relying on information from a spokesman for U.S. Sen. Lisa Murkowski reported erroneously on proposed funding for the project. Murkowski was prepared to support an amendment for funding but the bill never came up in committee.

  • NHL seeks to reduce its carbon footprint

    Updated: Thu, Dec 18, 2014

    NEW YORK (AP) — The NHL has named Constellation as its preferred energy provider as the league seeks to offset its carbon footprint across all 30 team markets. Its goal is to reduce the NHL's environmental impact, and accelerate a greater movement toward a healthier planet. The NHL announced its partnership with Constellation, a leading competitive energy and services company, on Thursday. Constellation will work with the NHL to conduct energy efficiency analyses and recommend energy management strategies for the league's facilities. "Our partnership with Constellation advances our commitment to promoting responsible energy use by the NHL, including our teams, our venues and our fans," NHL Commissioner Gary Bettman sa

  • Dow industrials have their best day in three years

    Updated: Thu, Dec 18, 2014

    NEW YORK (AP) — The Dow Jones industrial average had its biggest surge in three years Thursday, its second straight triple-digit gain following the Federal Reserve's reassurance that it was in no hurry to raise interest rates. Bullish earnings from technology giant Oracle also drove the rally, which has helped stocks erase an early-December slump. Industrial and health care stocks also logged big gains. Even the energy sector advanced, despite another drop in the price of oil. Fed Chair Janet Yellen said Wednesday that she foresaw no rate hike in the first quarter of 2015. The comments eased concerns that policymakers would start raising interest rates at a time when growth outside the U.S. appears to be flagging.

  • Updates: Lake Hefner drilling proposal meeting

    FROM STAFF REPORTS | Updated: Thu, Dec 18, 2014

    The Oklahoma City utilities department held a public meeting at Thursday night to discuss a proposal by Pedestal Oil Co. Inc. to drill for oil and natural gas near Lake Hefner. Energy reporters Adam Wilmoth and Paul Monies live tweeted from the meeting. Read updates below.

  • A look at Michigan road funding plan

    Updated: Thu, Dec 18, 2014

    Here is a look at a $1.6 billion road and school funding deal brokered by Gov. Rick Snyder and legislative leaders. The fate of the tax hike will rest entirely with voters if approved by lawmakers on Thursday: ___ BALLOT In May, voters would be asked to increase the state's 6 percent sales and uses tax to 7 percent and eliminate the sales tax on motor fuel, generating a net $588 million — mainly for $300 million for schools (the equivalent of $200 per pupil) and nearly $100 million for local governments. The plan also would bar the Legislature from spending School Aid Fund revenue on public universities, an issue for Democrats who feel the fund mainly dedicated for K-12 schools has been "raided" in recent years.

  • Cuomo gets kudos, scorn for New York fracking ban

    Updated: Thu, Dec 18, 2014

    ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo is getting heaped with praise by environmentalists and scorn by business interests for a planned state ban on hydraulic fracturing for natural gas, even as he insists the decision wasn't his. Residents statewide remain almost evenly split on the issue, and the divisions are clear, pollsters said Thursday. The decision announced Wednesday followed Cuomo's re-election last month, which the Democrat won easily as expected. Quinnipiac University Poll's Mickey Carroll said the political impact is likely to be limited and the decision was predictable. "One area where it's going to hurt old Andrew is in the Southern Tier. They wanted the money," Carroll said.

  • Investors say 'bye,' but not 'ciao,' to stock pickers

    Updated: Thu, Dec 18, 2014

    NEW YORK (AP) — Stock pickers might as well wear a scarlet "A." "Active management" is becoming more of a taboo when it comes to mutual funds. Many investors are abandoning actively managed funds, wary of their high fees and recently disappointing performance. Instead, they're funneling money into lower-cost index funds, which aim to match the stock market's returns rather than beat them. But stock pickers are still getting a chance in at least one area: Actively managed foreign-stock funds continue to attract billions of dollars in new investment. That, plus some other trends from around the mutual fund industry: — INVESTORS ARE STICKING WITH (SOME) STOCK PICKERS. For decades the standard approach was to find

  • Putin: West wants to defang, declaw Russian bear

    Updated: Thu, Dec 18, 2014

    MOSCOW (AP) — Sternly warning the West it cannot defang the metaphorical Russian bear, a confident-looking President Vladimir Putin promised Thursday to shore up the plummeting ruble and revive the economy within two years. While he issued a litany of sharp rebukes against the West, Putin struck a conciliatory note on Ukraine, saying that the rebellious east should remain part of the country, backing a quick exchange of war prisoners and praising his Ukrainian counterpart. The mixture of blistering anti-Western rhetoric and constructive signals appeared to indicate that Putin is eager to negotiate a face-saving solution to the Ukrainian crisis, but has no intention of conceding defeat in his standoff with the West.

  • Gasoline prices in Arizona at $2.41 per gallon

    Updated: Thu, Dec 18, 2014

    PHOENIX (AP) — Gasoline prices around Arizona keep going down at the pumps. Officials with Triple-A Arizona said Thursday the average statewide price for unleaded regular gasoline is $2.41 a gallon. That's down by more than 14 cents from last week. This week's national average is $2.47 per gallon, also down by more than 14 cents from last week. Triple-A analysts say prices could fall even further in the coming weeks, barring unforeseen circumstances. The East Valley (Mesa, Tempe, Chandler, Gilbert, Apache Junction, Queen Creek and Ahwatukee) has Arizona's lowest average gasoline price at $2.28 a gallon and Flagstaff the highest at $2.76. Missouri has the lowest average gas prices among states in the contin

  • Oil-price drop rattles smaller operators in Kansas

    Updated: Thu, Dec 18, 2014

    WICHITA, Kan. (AP) — When crude prices were high, Kansas oilman Robert Murdock made plans to drill 20 new wells next year. Not anymore. Murdock, president of Hutchinson-based Osage Resources, said that when oil prices dipped below $60 a barrel this month, "it changes your thinking as far as putting money into the ground." So far, he's scaled down his drilling plans for new wells at least by half. "If prices continue to decrease, we may not drill any next year," Murdock said. It costs between $2 million and $3 million to drill a horizontal well a mile deep with a lateral of a mile, he said.

  • Germany's BASF, Gazprom scrap planned asset swap

    Updated: Thu, Dec 18, 2014

    BERLIN (AP) — Germany's BASF SE says it has agreed with Russian gas company Gazprom to call off an asset swap that the two firms had planned for the end of this year. BASF didn't immediately give a reason for Thursday's decision. Russia is currently facing a raft of sanctions from the European Union and the U.S. over its actions in Ukraine. The planned swap would have seen BASF subsidiary Wintershall transfer a jointly operated natural gas trading and storage business to Gazprom. In addition, Gazprom would have got a 50 percent share in the activities of a unit that explores for and produces oil and gas in southern areas of the North Sea. In return, Gazprom and Wintershall were to develop jointly two additional