A Quote by Peter DeFazio

The crude oil market, unlike every other commodity in America, is virtually unregulated. — © Peter DeFazio
The crude oil market, unlike every other commodity in America, is virtually unregulated.
First off, the crude oil market, unlike every other commodity in America, is virtually unregulated.
We access virtually every producing basin, whether for natural gas or crude oil, in the U.S. and Canada.
Public-policy-wise, if you want to be consistent, crude oil is a bulk commodity, and you should be able to export it. I would rather the crude go to U.S. refineries to get refined and then export the refined product because we get double, triple the money.
Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market.
Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market
The rapid increase in the production and transportation of crude oil requires additional vigilance for the continued safe movement of this commodity.
We passed law that encouraged consumption through different purchasing habits like, you know, hybrid vehicles. You buy hybrid, you get a tax credit. We've encouraged the spread of ethanol as an alternative to crude oil. We have asked for Congress to pass regulatory relief so we can build more refineries to increase the supply of gasoline, hopefully taking the pressure off of price. And so the strategy is to recognize that dependency upon crude oil, in a global market, affects us economically here at home. And, therefore, we need to diversify away as quickly as possible.
Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.
Tar sands oil is the dirtiest fuel on Earth. Because producing it consumes so much energy, a gallon of tar sands crude generates 17 percent more carbon pollution than conventional crude oil.
President Trump will release America's pent-up energy potential, get rid of foreign oil, trash punitive regulations, create millions of jobs, and develop our most strategic geopolitical weapon: crude oil.
In America, unlike England, unlike Israel, unlike Japan, other democracies, we have elections that have staggered terms.
The other thing is this industry has decided it only has one market. Unlike any other industry in the world, unlike film or books or sports even, this industry has decided it has only one market and that's 14 year old boys.
Is water the next oil? Motives behind the question vary, depending on who asks the question. Those who see water as a future core commodity - therefore as profitable a prospect as oil - pose the question to create the right market conditions for water trade.
Unlike George Bush and his friends at the big oil companies, I'm going to work for a real energy policy for this country that decreases America's dependence on foreign oil and helps lower the costs to American families.
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.
About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world.
This site uses cookies to ensure you get the best experience. More info...
Got it!