oil

StateImpact Oklahoma
8:19 am
Thu December 18, 2014

Tax Cuts Coming for Oklahoma

Governor Mary Fallin and other state leaders watch a PowerPoint presentation of state revenue projections.
Joe Wertz / StateImpact Oklahoma

The State of Oklahoma has enough revenue to trigger an income tax cut, finance officials said Wednesday.

As StateImpact’s Joe Wertz reports, the amount of money available to fund state government is trending flat, but officials say lackluster revenues seem manageable.

About 1.7 million Oklahoma taxpayers pay the top income tax rate, which will drop a quarter point — from 5.25% to 5% — in 2016.

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Business
7:16 am
Mon December 15, 2014

Texas Braces For A Drop In Production After Oil Prices Fall

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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Local News
8:09 am
Fri December 12, 2014

Headlines: Douglass Season Ends, Oil Prices & Tribal Pot

Headlines for Friday, December 12, 2014:

  • The football season ends for Douglass High School after a ruling yesterday from a district judge. (NewsOK)

  • Oklahoma economists are revising their outlook for the state with the drop in oil prices. (Journal Record)

  • Influenza in our state kills two people and hospitalizes 94 as health officials see an increase in flu activity. (NewsOK)

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Here & Now
11:15 am
Wed December 10, 2014

Beyond The Pump: What Falling Oil Prices Mean For U.S. Producers

International Air Transport Association (IATA) Chief Economist Brian Pearce speaks at the IATA global media day on December 10, 2014 in Geneva. Global airline association IATA on December 10 raised the sector's profit forecast to a record $19.9 billion for 2014 and $25 billion for 2015, as plunging oil prices drive down costs. (Fabrice Coffrini/AFP/Getty Images)

Originally published on Wed December 10, 2014 3:19 pm

Oil prices have plunged more than 40 percent since July, to a five-year low, and they continue to fall. As of Wednesday morning, crude was trading below $62 a barrel.

That’s good news for drivers, but beyond low gas prices, what does it mean for U.S. oil producers, and the economy?

Here & Now’s Jeremy Hobson talks to Juli Niemann, a financial analyst with Smith Moore and Company.

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Local News
8:26 am
Wed December 10, 2014

Headlines: Abortion Doctor Arrested, Low Oil Prices & Executions

Headlines for Wednesday, December 10, 2014:

  • An undercover investigation results in the arrest of an Oklahoma City-area abortion doctor. (NewsOK)

  • Government employees are raising concerns about low oil prices. (Journal Record)

  • A federal judge is keeping documents related to the botched execution of Clayton Lockett sealed.  (Tulsa World)

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Local News
8:33 am
Fri December 5, 2014

Headlines: High School Playoffs Delay, Executions & Tinker Bribery

Headlines for Friday, December 5, 2014:

  • A judge is delaying a 3A football playoff game between Locust Grove and Heritage Hall. (Tulsa World)

  • A U.S. District Judge is considering new rules by Oklahoma to limit media outlets at executions. (Journal Record)

  • The President of an Oklahoma City defense contractor faces charges of bribing a Tinker official. (NewsOK)

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Local News
8:57 am
Thu December 4, 2014

Headlines: High School Football, 2015 Legislature & Norman Rape

Headlines for Thursday, December 4, 2014:

  • A controversial high school playoff game won’t get replayed despite protestations from the NAACP and Oklahoma City lawmakers. (NewsOK)

  • Lawmakers are getting ready for the upcoming legislative session which starts February 2. (Journal Record)

  • A former Norman High School student accused of rape gets arraigned. (News9)

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Energy
5:29 pm
Mon December 1, 2014

Tumbling Oil Prices Give A Boost To Drivers During The Holidays

Originally published on Tue December 2, 2014 5:16 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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MELISSA BLOCK, HOST:

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Local News
8:10 am
Mon November 24, 2014

Headlines: Norman High Protest, OSU Fundraising & Mega Oil Merger

Here is a sampling of headlines for the morning of November 21, 2014:

  • Students at Norman High School are planning a walkout demonstration for bullied rape victims. (NewsOK)

  • Many Oklahomans who get wrongly convicted of a crime aren’t getting compensation. (Tulsa World)

  • A spike in energy growth is creating opportunities for bad business deals. (Journal Record)

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Business
6:34 pm
Wed November 5, 2014

Oil Prices Down As Saudis Slash Price Of Oil Sold To U.S.

Oil workers are seen at the Khurais oil facility in an area where operations are being expanded, about 60 miles southeast of Riyadh, Saudi Arabia, Monday, June 23, 2008. (Hasan Jamali/AP)

Originally published on Wed November 5, 2014 6:34 pm

Saudi Arabia has dropped the price of crude oil that it sells to the U.S.

This move drove prices down to their lowest in three years. Saudi Arabia is the biggest producer in the Organization of Petroleum Exporting Countries (OPEC) and members are reportedly in a price war due to a surplus of supplies.

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