On Sunday, a complete European Union oil embargo on Iran came into effect - in response to US legislation, which sanctions any entity that deals with Iran's Central Bank.
At the current pace, in five days the amount of oil spilled will surpass the 75, 000 barrels spilled when a Union Oil well blew out off the coast of Santa Barbara in 1969.
In 2012, new geopolitical risks that will threaten supplies namely a proposed European Union oil embargo on Iran come on top of simmering unrest in key Middle East nations, supply losses from Syria and Yemen and a shortfall from Libya.
When we consider everything from hiring and promotion to delivering a closing argument to a jury to negotiating our next raise or demanding (ok, asking) for equity partnership at Skadden or entry into the executive ranks at Google or Union Oil as a challenge, all of life becomes so much easier.
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There should be no waiver of the Stevenson amendment which effectively caps U.S. subsidized credits to the Soviet Union for oil and gas exploration and development.
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Chevron Venture: Yesterday's Washington Times carried the details of a massive, multi-billion dollar contract in the works between Chevron and the Soviet Union for oil exploration, development, and production.
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Instead, it is pursuing an aggressive policy of actually assisting the Soviet Union in its oil and natural gas production capabilities.
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Like many other state firms, it has problems with unions (in November the oil union held a strike for higher wages).
However, the RMT Union which represents Oil and Gas workers in the North Sea, urged caution when interpreting the statistics in the report.
Since then, Iran has been hit by the United States and the European Union with an oil embargo as well as sanctions targeting its banks and number of its businesses.
Gaffney announced that the Center for Security Policy is assessing the adverse strategic implications of Chevron's proposed expansion of the Soviet Union's oil and gas industry in the context of the ATC deal.
Fred Koch studied chemical engineering at MIT and worked for the Soviet Union after big oil companies drove his U.S. refinery-engineering firm to the brink of bankruptcy with patent litigation in the early 1930s.
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Furthermore, included in the list of aid measures under active consideration by the European leaders is a scheme to assist the Soviet Union in extracting and selling oil and natural gas from the Soviet Union, using European expertise and equipment and providing royalty payments to the Soviets.
Fears of a disruption now emanate from Iran's threats to close the Strait of Hormuz, the route for a fifth of the world's oil, in response to a European Union embargo on Tehran's oil as way to pressure it to give up its controversial nuclear program.
However, in September the leaders of both nations signed a deal, mediated by the African Union, to resume oil sales and set up a demilitarised buffer zone.
Dutch shipping and salvage firm Smit International - which helped raise Russia's Kursk submarine - has formally submitted a proposal to the Spanish Government and the European Union officials to salvage oil from the wreck.
Separately, Chavez and Morales hold other grudges with the Garcia regime when it gave asylum to top Venezuelan dissidents, including Manuel Rosales, who ran against Chavez for president in 2006, and Carlos Ortega, the oil workers union boss who crossed Chavez.
Mr Lukashenka has also sabotaged the customs union with Kazakhstan and Russia, demanding that Russia scrap its export duty on oil and oil products, which would allow Belarus to buy them at Russia's domestic prices and to re-export them at a profit. (Russia wants to keep oil out of the union for now.) Russia's response is to reach for its favourite weapon: the gas taps.
In April, the Soviet Union halted all shipments of oil and natural gas to Lithuania.
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He suggests that this would take jobs away from the powerful oil workers' union, a PRI ally.
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Today Sinclair is a partner in more than 20 oil wells that Union Pacific Resources, the exploration unit of Union Pacific Corp.
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The head of the truculent oil-workers' union, Carlos Romero Deschamps, is a PRI candidate for the Senate.
Currently about 65% of vegetable oil in the European Union is being used for biofuel production, primarily biodiesel.
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They cover a broad range: from the teachers' union to Pemex, the state oil monopoly, and Telmex, a private telecoms near-monopoly.
They are slated to take full effect June 28, and a full embargo of Iranian oil from the European Union is set for July 1.
But many a president has buckled before the mighty oil-workers' union.
For example, the Soviet Union utilized a draconian embargo of oil and natural gas supplies earlier this year as the principal lever in its effort to bring the Lithuanian independence movement to heel.
Lack of progress on the nuclear issue increased tension with the UN, US and European Union through 2011, and the European Union announced a ban on Iranian oil imports that came into force in July 2012.
While the exact extent of Lithuania's exposure to such Soviet extortion cannot be determined with confidence, (3) evidently at least the Kremlin believes that a cut-off of oil from the Soviet Union would have a serious impact on the Lithuanian economy.
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