{"id":32053,"date":"2023-07-18T22:13:31","date_gmt":"2023-07-18T22:13:31","guid":{"rendered":"https:\/\/news24feed.com\/?p=32053"},"modified":"2023-07-18T22:13:31","modified_gmt":"2023-07-18T22:13:31","slug":"oklahoma-ag-announces-investigation-into-possible-energy-market-manipulation","status":"publish","type":"post","link":"https:\/\/news24feed.com\/?p=32053","title":{"rendered":"Oklahoma AG announces investigation into possible energy market manipulation"},"content":{"rendered":"<p><\/p>\n<p>Oklahoma&#8217;s attorney general announced a plan Tuesday to consider possible legal action over the impact of a 2021 winter storm.<\/p>\n<p>The plan is to work with outside counsel to find out who is to blame for power price manipulation in the wake of the mid-February 2021 winter storm that combined heavy snowfall with frigid temperatures that led to widespread power outages in the whole state<\/p>\n<p>&#8220;It&#8217;s important to understand that our oil and gas industry is not to blame,&#8221; Attorney General Gentner Drummond said at the press conference.<\/p>\n<p>However, in that same press release, &#8220;Drummond said a review he ordered found that many companies used the devastating 2021 storm to make billions of dollars in ill-gotten gains.&#8221;<\/p>\n<p>Drummond said he expects many law firms to apply for help with the investigation, a process that will take 10 days.  He also said any lawsuits arising from the investigation will be significant.<\/p>\n<p>&#8220;This is going to be a very expensive and challenging lawsuit,&#8221; Drummond said.<\/p>\n<p><strong>Related: <\/strong><a href=\"https:\/\/www.news9.com\/story\/63dc5673b84d1c0727de9186\/oklahomans-paying-for-2021-winter-storm-for-decades\" target=\"_blank\" rel=\"noopener\"><strong>Oklahomans have been paying for the 2021 winter storm for decades<\/strong><\/a><\/p>\n<p>The storm brought record-breaking cold across the state and led to an increase in utility rates that will last for decades.  According to the press release from Drummond&#8217;s office, the storm was responsible for more than $200 billion in damages.<\/p>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newson6.com\/story\/64b69b9f7f67e2072bfdd7b0\/oklahoma-ag-announces-investigation-into-possible-energy-market-manipulation\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oklahoma&#8217;s attorney general announced a plan Tuesday to consider possible legal action over the impact of a 2021 winter storm. The plan is to work with outside counsel to find out who is to blame for power price manipulation in the wake of the mid-February 2021 winter storm that combined heavy snowfall with frigid temperatures that led to widespread power outages in the whole state &#8220;It&#8217;s important to understand that our oil and gas industry is not to blame,&#8221; Attorney General Gentner Drummond said at the press conference. However, in that same press release, &#8220;Drummond said a review he ordered&#8230; <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32053","post","type-post","status-publish","format-standard","hentry","category-videos"],"_links":{"self":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/posts\/32053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32053"}],"version-history":[{"count":0,"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/posts\/32053\/revisions"}],"wp:attachment":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}