NEWS
GasBuddy.com reports oil prices trade up after Syrian attack
Oil prices were trading sharply higher after the United States launched a missile attack on Syria Thursday night. Oil rose in usually quiet after-hours trade by a dollar per barrel to $52.70 after news spread of roughly 50 Tomahawk missiles being launched from two U.S. warships in the Mediterranean Sea.
“As we’ve seen in the past, oil prices hate turmoil. Tonight’s surge in prices comes as questions remain about military action in Syria moving future. Geopolitical tensions have surged tonight between some of the world’s largest oil producers, and the market, with concern abounding, will likely send oil prices higher,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “It is too early to know how severe or how long the impact to oil prices may be.”
“The missile strike in Syria this evening brings forth risk and uncertainty on a global scale. Oil’s rise this evening is based on geopolitical circumstance and as a benchmark commodity and hedge, it is likely its value will rise in proportion to developments,” said Dan McTeague, senior Canadian petroleum analyst.
“While there is not yet an imminent major impact to North American gasoline prices, the situation could rapidly change, we’re monitoring it and will keep consumers informed,” DeHaan added.
NEWS
Amon Carter Lake Board to meet
Members of the Amon Carter Lake Water Supply Corporation will meet at 6 p.m. on May 26 in the office at 607A Lindsey for a monthly meeting.
Items on the agenda include a consent agenda and minutes and financials. Possible discussion/action may be considered on the following topics: Treasurer’s report, review of finance and current loans; president’s report as to the written agreements with contractual employees; consider current water rates and a possible increase; and review of expenses and areas that need amendment.
An executive session may be entered to discuss personnel issues.
NEWS
Saint Jo City Council hires fire marshal
The City of Saint Jo has a new fire marshal as the city council made the appointment during its May 13 meeting.
Gary Hines, a retired professional firefighter and certified fire investigator, will take the position. City Secretary Debbie Dennis said the post is required by ordinance but has not been filled for a long period.
The council set dates for a budget workshop for 2 p.m. on June 14 and 2 p.m. on June 28 for the ordinance workshop, as the council works to update its rules.
Aldermen gave their support to a proposition by Councilman Jack Dunn who is asking the Legislature to allow Texas’ smallest cities, those with 2,500 or few in population, to receive an additional share of sales and use tax. He would like to see the funds used in these communities to repair and replace aging infrastructure without new taxes or reliance on state grants.
In letter to State Rep. David Spiller, whom Dunn will meet with on June 1, the alderman explains much of the state’s 6.25% share generated locally flows into general funds and is spent on other priorities. He would like Spiller to author this legislation. Dunn gave the letter to the council along with a powerpoint on the plan.
“A single water treatment plant upgrade or sewer rehab carries massive, fixed costs that do not shrink with population size. These communities, often with only a few hundred or a couple thousands residents, simply cannot spread those costs across enough ratepayers or a broad tax based,” the letter states.
Dunn suggests a “graduated sales tax retention policy:” 1% additional share for cities with 2,500 or fewer residents; .75% for those 2,500 and 5,000; and .50% for cities between 5,001 and 10,000. It would be dedicated to infrastructure. Dunn says the overall statewide fiscal impact would be negligible, but could help sustain small, rural cities.
NEWS
City of Nocona buys water storage tank, review dam repair
The Nocona City Council approved a bid for a new 203,000 gallon capacity tank for potable water at the water plant and learned a slide repair to the lake dam is going to be pretty costly.
At its May 12 session the council received three bids on the tank and went with one from Tank Depot of Cleburne for $193,923. It is for a a 217,600 gallon tank usable for 203,000 gallons. The price could change slightly since it was based on estimate freight costs.
Read the full story in the Thursday Bowie News.
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