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Drumbeat: December 24, 2009

13 hours ago ago from Commodities Options | Commodities Futures | Commodities Prices

Chilly Climate for Oil Refiners Only a few years ago, a cry went up that the United States needed more oil refineries. The perceived shortage was so acute that George W. Bush, president at the time, even offered disused military bases as sites for building them. Not only did that never come to pass, but the reverse is now happening. The business of oil refining is mired in a deep crisis, with five refineries having shut down this year, ...

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