After almost two years of negotiation, diplomats are closer than ever to sealing an accord that would return energy-rich Iran to world markets while giving regional rivals guarantees that the Islamic Republic’s nuclear work can’t be used to make weapons.
U.S. electricity sales are on track to fall again in 2013, likely marking the fifth time in six years that Americans have bought less power than the year before, according to the U.S. Energy Information Administration.
The water saved by shifting a power plant from coal to natural gas is 25 to 50 times as great as the amount of water required to extract the natural gas through hydraulic fracturing, according to a University of Texas study released Thursday.
The price gap between the world’s two biggest oil benchmarks probably will narrow next year as U.S. exports of refined fuels reach a record and crude supply from the Middle East and North Africa expands.
Only 24 percent of Brazil’s flex-fuel cars fill up with ethanol, down from 82 percent in 2009, said researcher Datagro Ltd. At the same time, sugar futures are heading for the longest slump in two decades
Several business executives and entrepreneurs were among the more than 150 celebrities who signed a letter to President Barack Obama this week urging him to reject the controversial Keystone XL pipeline.
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