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James Hamilton crunches some numbers and concludes U.S. oil consumption should continue to...
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Thursday, December 6, 2012, 11:24 AM ETJames Hamilton crunches some numbers and concludes U.S. oil consumption should continue to decline: If the price of oil stays flat, an ongoing decline in oil consumption over the next decade is plausible even without planned CAFE standards. If the price rises modestly, a reduction in consumption by 2020 of the size assumed in the IEA's World Energy Outlook looks reasonable.
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