Oil and Gas

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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3:27pm

Thu January 19, 2012
Environment

Denver Court Considers Oil and Gas Leases Near Utah Parks

KUNC file photo

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.

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