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The US will close 30 refineries by 2020 due to collapsing demand: Verleger

Michael Allan McCrae | June 20, 2012 | 6:51 am Energy 

Noted oil economist, Philip Verleger, says the US is moving to energy independence because of the recent innovations in oil production and demand destruction in the country. "Gas consumption in the US is falling at 6% per year. Truckers are moving...