Best quotes by Peter DeFazio on Oil
Checkout quotes by Peter DeFazio on Oil
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‟ There is no free market in oil.
- Peter DeFazio
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‟ First off, the crude oil market, unlike every other commodity in America, is virtually unregulated.
- Peter DeFazio
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‟ About 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it.
- Peter DeFazio
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‟ In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there.
- Peter DeFazio
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‟ Of the 55 refineries closed in America in the last 10 years, they were all closed for economic reasons, mostly oil company mergers. Not a single one was closed for environmental purposes or objections.
- Peter DeFazio