Demand for oil is heading towards record levels both internationally and in the U.S. The Greek issue is not new and it has not changed. It is just popular now as deadlines are pushed. It will fade and its drag on oil prices will ease.
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The first-generation mercury emission technological solutions missed the mark. Their activated carbon filtration technology was too expensive, using up to $5-$6 million per energy generating unit (EGU) per year. Overall, this brand new multi-billion sector is poised for overnight gains, with analysts predicting that the industry will outperform the S&P broader market substantially.
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