A southeastern North Dakota town narrowly escaped tragedy when a train carrying crude oil derailed and exploded nearby, the mayor said Tuesday, calling for changes in how the fuel is transported across the U.S.
Brent crude prices, the benchmark for half the world’s oil, will weaken for a second year in 2014 as U.S. output expands and threats to Middle East and North African supply ease, the most-accurate forecasters said.
The average amount of electricity consumed in U.S. homes has fallen to levels last seen more than a decade ago, back when the smartest device in people’s pockets was a Palm pilot and anyone talking about a tablet was probably an archaeologist or a preacher.
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