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.
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.
A federal court in Denver Thursday heard oral arguments in an appeal by the oil and gas industry over dozens of disputed leases near national parks and monuments in Utah and Colorado. Shortly after taking office in 2009, Interior Secretary Ken Salazar revoked many of the leases that were issued in the late hour of the Bush Administration. It’s the latest clash between the Obama Administration and western oil and gas companies.