Best quotes by Peter DeFazio on Oil

Checkout quotes by Peter DeFazio on Oil

  • There is no free market in oil.
    - Peter DeFazio
  • First off, the crude oil market, unlike every other commodity in America, is virtually unregulated.
    - Peter DeFazio
  • 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
  • In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there.
    - Peter DeFazio
  • 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