Oil and Gas

4:22pm

Mon January 23, 2012
Europe

EU Squeezes Iran With New Oil Sanctions

The EU has agreed to an embargo on buying oil from Iran in the latest sanction against that country for its nuclear program. Catherine Ashton, the EU foreign policy chief, speaks here in Brussels on Monday following a meeting of EU foreign ministers.
Virginia Mayo AP

The battle over Iran's nuclear program escalated Monday as the European Union announced an embargo on importing oil from Iran.

For years, Europe has been reluctant to join the United States in imposing tough sanctions on Iran. The United States years ago stopped buying Iranian oil, while European nations including France, Spain, Italy, and Greece kept up their purchases. European countries right now buy about 600,000 barrels of oil per day from Iran.

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5:24am

Mon January 23, 2012
The Two-Way

EU Approves Embargo On Iranian Oil

Originally published on Mon January 23, 2012 10:06 am

The European Union officially agreed to impose an embargo on Iranian oil, today. The AP reports that the union's 27 foreign ministers agreed on an immediate ban on new contracts for oil and existing contracts will be allowed to run through July 1.

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5:00am

Mon January 23, 2012
Health

State Has Backlog Of Air Pollution Permits For Oil & Gas

The brown cloud covering highly populated parts of the Front Range is the visible part of air pollution, but unseen ozone is most dangerous to health.
Robert D. Tonsing Colorado Public News

Colorado’s oil and gas boom combined with a cash-strapped state government has caused a backlog of 1,800 pending air pollution control permits for oil and gas equipment.

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4:00am

Mon January 23, 2012
Environment

Colorado Lawmaker to Introduce Fracking Bill

Matt Jones (D) Colorado State Representative, District 12
Colorado House Democrats

A state lawmaker plans to introduce legislation as early as this week that would give local governments more authority to regulate hydraulic fracturing, a move that comes as many local governments have looked to limit or temporarily ban fracking within their boundaries.

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4:01am

Sat January 21, 2012
World

China Hedges Mideast Oil Bets Amid Iran Tensions

Originally published on Sat January 21, 2012 8:35 pm

China appears to be rethinking its reliance on oil from Iran. Here, Chinese Premier Wen Jiabao (right) visits with the members of the Saudi Arabia-China Friendship Association on the outskirt of Riyadh, Saudi Arabia, earlier this month.
Liu Weibing Xinhua /Landov

China's premier, Wen Jiabao, was in the Persian Gulf this week talking about oil.

China has become increasingly concerned about all the threats of conflict with Iran in the Persian Gulf, which supplies China with a great deal of its oil.

In fact, China is Iran's biggest customer. But Iran was not a stop on the Chinese itinerary — Saudi Arabia and the United Arab Emirates were.

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