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Greek Cypriots cast a suspicious eye on the Cypriot gas pipeline project, as the EU selected a plan that went out of its way to exclude Turkish participation. (associated press)

Cypriot union threatened by dispute over oil and gas rights

- The Washington Times

NEWSMAKER INTERVIEW: A top official from the Turkish north of Cyprus says the Greek Cypriot government has jeopardized a delicate peace process between the two long-divided sides by pursuing “hegemony” over oil and gas exploration operations in the eastern Mediterranean Sea.

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California Gov. Jerry Brown gestures while delivering his inaugural address at the state Capitol Monday, Jan. 5, 2015, in Sacramento, Calif. When Brown takes the oath of office Monday, it will be the first time a California governor will be sworn in to a fourth term. The 76-year-old Democrat, who held office from 1975 to 1983 before term limits and returned for a third term in 2011, delivered a joint inauguration and state of the state address in the Assembly chamber at the state Capitol. (AP Photo/Rich Pedroncelli)

California governor toughens climate change goals

- Associated Press

As he was sworn in for a record fourth term, Gov. Jerry Brown charted an ambitious new goal on Monday for California in its fight against climate change, challenging the nation's most populous state to increase renewable energy use to 50 percent in the next 15 years.

Unleaded gasoline is advertised below two dollars per gallon at the Alton Shop n Save gas station on the Homer Adams Parkway in Alton, Ill. on Monday, Dec. 29, 2014. Crude oil futures prices ended lower Monday on the New York Mercantile Exchange. The near-month contract for the benchmark grade fell $1.12 -- closing at $53.61 a barrel. (AP Photo/The Telegraph, John Badman)

US oil falls below $50 for 1st time since 2009

- Associated Press

The price of oil plunged again Monday and fell below $50 a barrel for the first time since April 2009 as evidence mounted that the world will be oversupplied with oil this year.

Big threat for Obama's climate efforts from GOP-run Congress

- Associated Press

President Barack Obama's determined efforts to combat global warming face their biggest trial yet as Republicans take full control of Congress this week. The GOP vows to move fast and forcefully to roll back his environmental rules and force his hand on energy development.

Markets stumble as oil dips below $50

- Associated Press

Financial markets are starting the year with a stumble in stocks, oil and the euro. A plunge in the price of crude is hitting energy companies and leaving investors fearful that the selling will spread to other industries, dragging down indexes from their latest all-time highs reached a week ago.

FILE - In this July 25, 2014, file photo, an oil train moves through the area south of St Paul, Minn. A collapse in oil prices won't derail the railroads’ profit engine even if it does slow the tremendous growth in crude oil shipments seen in recent years. Railroads went from hauling 9,500 carloads of crude oil in 2008 to 435,560 last year, as production boomed and oil routinely sold for $90 a barrel or more. But even with the surge, crude oil shipments remain less than 2 percent of all the carloads major U.S. railroads deliver.  (AP Photo/The Star Tribune, Tom Wallace, File)

Low oil prices unlikely to hurt railroads much

Associated Press

The stunning collapse in oil prices over the past several months won't derail the railroads' profit engine even if it does slow the tremendous growth in crude shipments seen in recent years.

 FILE - This Tuesday, Dec. 9, 2014, file photo shows an Indian woman from Ecuador posing for a photo at the Climate Change Conference in Lima, Peru. Low oil prices could paradoxically help the world reach an international agreement to fight global warming, Laurence Tubiana, France’s special representative for the 2015 climate conference in Paris said, laying out plans for a binding accord to stem greenhouse gas emissions. Her government will spend 11 months trying to cajole more than 190 countries into overcoming disagreements about acceptable greenhouse gas emissions and who should pay for them, and locking themselves into an accord. (AP Photo/Juan Karita, File)

French climate envoy sees hope in low oil prices

- Associated Press

Low oil prices could paradoxically help the world reach an international agreement to fight global warming, according to the French ambassador charged with organizing a key climate conference in Paris.

Venezuela's President Nicolas Maduro speaks during a press conference at Miraflores Presidential Palace in Caracas, Venezuela, Tuesday, Dec. 30, 2014. Venezuela’s socialist government Tuesday confirmed the economy fell into a deep recession this year but blamed the slump on opponents trying to sabotage activity in the oil-rich nation. (AP Photo/Ariana Cubillos)

Venezuela's president blames opposition for deep recession

- Associated Press

Venezuela's government on Tuesday confirmed that the economy is struggling to emerge from a deep recession but President Nicolas Maduro said the crisis engulfing the oil-rich nation could have been a lot worse.

In this Sept. 30, 2014 photo, Dana Ripley, of Winthrop, Mass., fills the gas tank of his truck at a service station in Andover, Mass. In Ballot Question 1 in the Nov. 4 election, Massachusetts voters will have the opportunity to keep or repeal an automated yearly increase of the state gasoline tax. (AP Photo/Charles Krupa)

Pa. gas taxes to rise after big drop in 2014 price

- Associated Press

Wholesale taxes on gasoline and diesel in Pennsylvania are set to take another step higher, the second of three increases that a sweeping 2013 law imposes over three years to boost funding for highway, road and bridge construction.

In this Feb. 21, 2012 file photo, an oil drilling rig drill into the Gypsum Hills near Medicine Lodge, Kan. Plunging crude prices are hitting oil producers especially hard in places like Kansas, where the industry is dominated by smaller, independent operators who depend more heavily on the cash flow from producing wells to pay for drilling new ones. (AP Photo/Orlin Wagner, File)

US rig count plummets 35 to 1,840

Associated Press

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 35 last week to 1,840.

EPA sets first national standard for coal waste

- Associated Press

The Obama administration on Friday set the first national standards for waste generated from coal burned for electricity, treating it more like household garbage rather than a hazardous material.

Traders work on the floor at the New York Stock Exchange in New York, Thursday, Dec. 18, 2014.  The market is opening sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. (AP Photo/Seth Wenig)

US stocks surge; Oracle leads technology stocks higher

Associated Press

The Dow Jones industrial average had its biggest surge in three years Thursday, rising sharply for a second day. The Federal Reserve set off the rally a day earlier by indicating that it was in no hurry to raise interest rates.

Saudi oil minister Ali al-Naimi is surrounded by journalists during the Organization of Arab Petroleum Exporting Countries (OAPEC) meeting Saturday in Cairo, Egypt. OPEC oil ministers downplayed expectations of, but didn't dismiss outright, an immediate output cut as they faced a third test in as many months of their ability to engineer a rebound in oil prices. (Associated Press)

Saudi says oil decisions not linked to politics

Associated Press

Saudi Arabia's oil chief said in comments published Thursday that there are no links between the kingdom's decision to oppose production cuts and political objectives — an apparent response to accusations last week from Shiite powerhouse Iran.